Company Overview
American HealthCare Capital is pleased to exclusively represent a hospice for sale in Southern California. This well-established hospice has been in business for over a decade serving the greater San Diego area. They are approved for Medicare and Medi-Cal (Medicaid), and they are Joint Commission accredited.
Financial Overview
The company’s financial performance has been stable, with gross revenue in the $2 million range over the past few years. In 2024, they are experiencing significant growth. Gross revenue was over $2.6 million as of end of December 2024, and they expect to reach $2.8 million in 2025.
The company’s payer mix is 85% Medicare, 14% Medicaid, and 1% private insurance. The current average daily census is 41 patients with an average of 8 – 10 new patients per month. Their average length of stay is 139.4 days. They have no issues with CAP or any outstanding liabilities.
Staff Overview
The owners are seeking retirement but will assist during a transitional period as needed. The existing staff is expected to remain with the company post-acquisition. The average length of employment for the staff is four years, which reflects their caliber and total dedication to the company.
Asking Price
The asking price for this opportunity is $2.5 million, which excludes cash, receivables, and working capital.
