American HealthCare Capital is pleased to introduce a Medicare certified home health agency for sale in Alabama, which is a Certificate of Need State for home health. This well-established company has been Medicare certified since 2007, and their last survey was completed in 2017. In addition to their home office, they have 3 drop-site locations, although their license allows for a total of 7 locations. They serve 7 counties in the surrounding region.
The company’s overall payer mix is 95% Medicare Advantage and 5% Medicare. Gross revenues have been steady over the last couple of years in the $3 million – $3.5 million range, and ended at $3.7 million in 2019. The current census is 375 patients and is anticipated to continue rapidly growing with the recent opening of a new office. The company anticipates gross revenues will reach $5 million by the end of 2020. The seller has cultivated extensive business relationships and would be willing to stay on as long as needed to ensure a smooth transition.
The asking price for this Certificate of Need (CON) opportunity is $3 Million.
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.