American HealthCare Capital is pleased to introduce a home health and care coordination agency for sale in California. Approximately 90% of the business is home health related, and 10% is from care coordination. With multiple locations, they are strategically positioned to serve clients throughout a large area covering 6 counties.
The company has shown growth over the past few years. Gross revenues for all entities combined went from about $10.4 million in 2020 and 2021 to over $12.4 million in 2022, and they are projected to reach $13.2 million in 2023. Profit margins have been healthy with an adjusted EBITDA of $2.3 million in 2021 and 2022, and they grew $3.3 million in 2022 with a projection for $3.6 million in 2023.
The home health payer mix is 69% Medicare, 22% commercial insurance, and 9% other, and the current census is 410 patients. The Care Coordination business serves approximately 300 active clients. Their sole payer is Medicaid.
The staff is expected to stay on under new ownership. The company has an extremely strong leadership team in all key functions who are expected to continue running the business post-acquisition.
The asking price for this opportunity is $18 million.
If you would like to learn more, please use the link on the right-hand side of the page to execute our NDA. You will need to copy the Listing Code (Example: TXMC1A) and Listing Title (Example: $1 Million Home Health Agency in Texas) from the summary above to complete the NDA.