American HealthCare Capital is pleased to introduce a Joint Commission accredited, Medicare certified hospice agency for sale in Southern California. The company has been in business for 11 years. They are licensed to cover a 40 mile radius from their home office in Los Angeles County.
The company’s business is 84% Medicare, 14% Insurance/Private pay and 1% MediCal (Medicaid). Gross revenues for 2018 are on track to be $1.22 Million with an adjusted EBITDA of $240,000. Their current average daily census is 30 patients, with an average length of stay of 97 days.
The seller would like to retire and would consider staying on for a short transition period. The staff is expected to stay on under new ownership. Management feels that a full time Marketing person would allow the company to significantly expand the market share.
The asking price for this opportunity is $1.2 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.