Company Overview
American HealthCare Capital is pleased to introduce an established Medicaid, Private Duty Home Care, and Home Health Agency for sale in the Rio Grande Valley of Texas. The company has been in business for nearly 30 years providing non-skilled personal assistance services and private pay home care services. They also have a turnkey Medicare-certified home health agency which is included in the sale, but it is currently inactive with no patients or revenue. The agency serves Cameron, Hidalgo, and Willacy Counties.
Financial Overview
Approximately 99% of the revenue comes from the state Medicaid program, while the remaining 1% is private pay. Revenues have been steady over the past few years, averaging $6.5 million. Gross revenues have been consistent in the first half of 2023, but they are currently seeing an increase in the census due to the implementation of new marketing initiatives, and they expect to see growth in the second half of the year. The private duty home care agency for sale’s current census is 354 clients with an average of nearly 37,000 hours billed per month.
Staff Overview
The staff is expected to remain after the sale.
Asking Price
The asking price for this opportunity is $3.5 million.
