American HealthCare Capital is pleased to offer a Medicare Certified Home Health Agency for sale in Phoenix, Arizona. They provide a variety of comprehensive Home Health services including Skilled Nurses, Physical Therapists, Occupational Therapists, Speech Therapists, Medical Social Workers, Home Health Aides, and Registered Dieticians. Their service area covers Maricopa County.
The company’s payer mix is approximately 80% Medicare and 20% Private Insurance. In recent years, they have shifted their payer mix to include more Private Health insurance, which has led to an increase in patient admissions and revenue. The company collected $2.8 Million in gross revenue in 2016 and grew to nearly $3.4 Million in 2017. They are currently on pace to generate $3.7 Million with an adjusted EBITDA of $820,000 and an average daily census of 210 patients. Based on their growth trends, the sellers feel a 300 census is achievable over the next year, which would catapult them into the $4 Million to $5 Million range for gross revenue.
The seller is willing to stay with the company for the right opportunity, and the rest of the staff is expected to stay on under new ownership. The asking price for this opportunity is $3.5 Million.
