American HealthCare Capital is pleased to introduce an established Medicaid certified Home Care agency for sale in Alaska. The company has been in business since 1997 and operates out of 6 locations. They provide a variety of services including Non-Skilled Care, Personal Care, Respite, Chore and Waiver Services.
The company’s payer mix consist of 61% Medicaid Personal Care, 29% Medicaid Waiver, 5% private pay, 3% grants, and 2% VA. Gross revenues have been in the $1.7 – $1.8 Million range over the last few years. They are currently on pace to gross closer to $1.9 Million in revenue by end of year 2020, with an adjusted EBITDA margin of 15%. Their current census is 120 clients. The sellers feel that continued growth could be achieved by expanding their service area, as there are many under-served areas and implementing more vigorous marketing efforts which would aid in driving revenues.
All employees are expected to stay on under new ownership. The sellers are looking to retire but will be available to assist during a transitional period.
The asking price for this opportunity is $700,000.
If you would like to learn more, please contact us for a Confidentiality Agreement that will allow us to share more detailed information with you.