Company Overview
American HealthCare Capital is pleased to introduce a Medicare-certified home health agency for sale in Northern California. The company has been in business for over a decade providing a full array of home health services to clients within an 8-county region. They have multiple locations, each with its own license and provider number, as well as CHAP accreditation.
Financial Overview
The Medicare-certified home health agency’s payer mix averages around 75% Medicare, 22% private pay, and 3% Medicaid (MediCal). In 2021, gross revenues were nearly $10.7 million with an adjusted EBITDA of approximately $1.5 million (14%). In 2022, they anticipate similar results and expect to surpass the $10 million mark in gross revenue by the end of the year. The current average daily census ranges between 350 and 400 patients. Were it not for staffing shortages, the company would have seen significant growth. With their longstanding history of quality service, they continue to receive a steady stream of referrals that a new owner could quickly capitalise on with additional staff.
Staff Overview
The staff is expected to stay on under new ownership, and the owners will accommodate a short transitional period as needed.
Asking Price
The asking price for this Medicare-certified home health agency in California is $9 million.
