American HealthCare Capital is pleased to introduce a Medicare and Medicaid certified Hospice agency for sale in Los Angeles County, California. The company has been in business for nearly 4 years and they are Joint Commission Accredited. They serve Los Angeles County and surrounding counties.
The company’s payer mix is 90% Medicare and 10% Medicaid and private insurance. Gross revenues were approximately $650,000 in 2020, which is lower than usual due to COVID-19. The current census is 15 patients and growing, and revenues are expected to be closer to $1 million in 2021. Their average length of stay is 3-6 months, and they have never had any cap issues.
In the end of April, 2021 the agency successfully had passed the JACHO survey.
The staff is expected to stay on, and the seller will assist during a transitional period. The asking price for this opportunity is $500,000.
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.