American HealthCare Capital is pleased to introduce a Medicare-certified home health and private duty home care agency for sale in Northern California. The company has been in business since 2003. They serve 5 counties in the greater San Francisco Bay Area. Although their focus has been Medicare and private duty, they are also approved for MediCal (Medicaid). Additionally, they are currently in the process of becoming approved to provide hospice services.
The company’s payer mix is 38% Medicare and Medicare replacement plans, 35% private duty home care, and 27% private insurance. Gross revenues have been trending upward for the past few years. They went from $1,072,704 in 2017 to $1,612,027 in 2018 with an adjusted EBITDA of $235,053 (14.6%). In 2019, they anticipate generating between $2 million – $2.2 million with a higher adjusted EBITDA margin. Their current average census is 85 patients, of which 65 are Medicare and insurance and 20 are private duty. The seller feels there are numerous opportunities for growth, especially with the implementation of a marketing campaign since they currently don’t have any dedicated marketing staff.
The asking price for this opportunity is $1.75 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.