American Healthcare Capital is pleased to introduce a Medicaid Home Care Agency for sale in Arizona. Established over 15 years ago, the company provides non-skilled home care, including companionship, homemaking, respite, and personal care services. They service patients in 5 counties from multiple offices across the state, though they are approved to operate statewide.
The company’s payer mix is 99% Medicaid and 1% Private Duty. In 2020, the company generated gross revenue of $15.9 million with an adjusted EBITDA of $2,860,479 (18.03%). In 2021, they generated $14.2 million in gross revenue with an adjusted EBITDA of $2,778,986 (19.62%). In 2022, they grossed $13.6 million with an adjusted EBITDA of $3,277,539 (24.13%). Through 9/30/23, gross revenue was $10.3 million with an adjusted EBITDA of $2,609,928 (25.29%), and they anticipate year end gross revenue will reach $14 million with continued strong margins. The improvements in adjusted EBITDA margins are due to reimbursement rate increases.
Their current average census exceeds 500 clients, and the company bills approximately 48,000 hours per month on average. They currently employ over 500 team members. Approximately 70% of their patients receive care from family members who are employed by the company.
The current owners plan to pursue other endeavors but will assist during a reasonable transitional period. All non-owner employees are expected to stay under new ownership.
The owners will consider competitive offers.
If you would like to learn more, please use the link on the right-hand side of the page to execute our NDA. You will need to copy the Listing Code (Example: TXMC1A) and Listing Title (Example: $1 Million Home Health Agency in Texas) from the summary above to complete the NDA.