American HealthCare Capital is pleased to introduce a Medicare and Medicaid certified home health agency for sale in Colorado. The company has been in business for over 30 years providing both skilled and non-skilled home care services. Their last survey was completed in 2022. They serve the greater Denver area.
The Denver home health care agency\’s payer mix is 99% Medicaid and 1% Medicare. Skilled care comprises around 65% of revenue, while non-skilled care is around 35%. Gross revenues have consistently been close to $1 million in the past few years. In 2022, they grossed $926,659 and expect to do about the same in 2023. The company has not been able to turn much of a profit in the past few years, largely due to difficulties in staffing since the pandemic. There are ample opportunities for growth with additional staff.
The owners are looking to move on but will assist during a transitional period. The rest of the staff is expected to stay on under new ownership.
The asking price for this Denver home health care agency that is Medicaid and Medicare certified is $500,000.
