Company Overview
American HealthCare Capital is pleased to introduce a hospice agency for sale in the Houston, Texas area. The company has been Medicare certified since 2019, and they are CHAP accredited. Their services include physician services, nursing, social services, spiritual and bereavement counseling, medication delivery, medical supplies and equipment, nutritional counseling, hospice aides, volunteers, and PT and OT. Their service area covers the counties of Wharton, Fort Bend, and Harris.
Financial Overview
The hospice agency’s sole payer is Medicare. Gross revenue was over $421,000 in 2022 and grew to nearly $465,000 in 2023. Their current census is 7 patients, and they expect to be closer to $500,000 in gross revenue in 2024. The seller feels there is significant room for growth with a strong marketing campaign. Additionally, the company is licensed to provide PAS services, which they have not utilized thus far.
Staff Overview
All staff are expected to stay on under new ownership, but the seller would like to pursue other opportunities.
Asking Price
The asking price for this opportunity is $500,000.
