American HealthCare Capital is pleased to introduce a Medicare certified hospice agency for sale based in Maricopa County, Arizona. The company was established in 2018 and they are CHAP accredited. They are licensed to service the entire state of Arizona.
The company’s sole payer is Medicare. Their current average census is around 30 patients with an average Length of Stay under 100 days. In 2019, which was their first full year of business, gross revenues were almost $900,000 and grew to nearly $1.4 million in 2020. In 2021, they anticipate conservatively surpassing the $1.5 million range, and they are highly profitable. There are numerous opportunities for continued growth, and the company is constantly adding new referral sources.
The seller is looking to retire, but the remaining staff is expected to stay on. The asking price for this opportunity is $1.5 million.
