American HealthCare Capital is pleased to introduce a private duty home care agency in Los Angeles, California. The company has been in business for over 10 years, providing a wide range of non-medical services in Los Angeles. They operate under the standard model of home care, as well as the registry model in which caregivers are paid directly by clients and the agency receives a commission.
The company’s business mix is 82% Private Pay and 18% Long Term Care Insurance. Recent gross revenues were in the $1.7 Million range in 2014, with a 19% Adjusted EBITDA margin, which is a 15% increase in top-line revenue from the previous year. Their current census is over 40 patients and they are billing an average of 6,850 hours per month. The owner feels that further growth could be achieved with a dedicated marketing effort.
The staff is available to continue working with a new owner, and the seller will accommodate a transitional period as needed. The asking price for this opportunity is $900,000.
