Company Overview
American HealthCare Capital is pleased to exclusively introduce a hospice for sale in Los Angeles County, California. The company has been in business since 2013. They are Medicare and Medicaid certified and ACHC accredited. Their service area covers the counties of Orange, San Bernardino, Los Angeles, and Riverside.
Financial Overview
The company’s current payer mix is 85% Medicare and 15% Medicaid/HMO/HealthPlan. Their current average daily census is around 30 patients with an average length of stay of 115 days. In 2024, gross revenue was $2,350,328 with an adjusted EBITDA of $532,846. They expect to see gross revenue of at least $2.5 million in 2025. There are many opportunities for growth, especially to penetrate the ALF community, which the company has not done yet.
Staff Overview
There is a full complement of staff that is expected to stay on post-acquisition. The current owner, who only works part time in the business, is looking to retire but will assist during a transitional period.
Asking Price
The asking price for this opportunity is $1.75 million, which excludes cash, receivables, and working capital.
