American HealthCare Capital is pleased to introduce a Medicare certified home health agency located in the Bay Area of Northern California. The company was Medicare certified in 2016.
The company’s payer mix is 100% Medicare. Gross revenues were $523,000 in 2016, nearly $1.2 million in 2017, and they expect to exceed $1.2 million in 2018 with an adjusted EBITDA of $211,000. The company has grown since inception and has a current census of 27 patients with an average of 17 new admissions per monthly. They have consistently grown without substantial marketing efforts and feel that a new owner could easily continue the trend. A new owner could expand the operation to include all the counties covered by the current license that are not served.
The staff is expected to stay on under new ownership while the owner has decided to pursue a non-related career path. The asking price for this opportunity is $1 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.