Company Overview
American HealthCare Capital is pleased to introduce a Medicaid certified home care agency for sale in Northwest Florida. The company provides non-medical home care services to their clients. They currently serve Baker, Clay, Duval, Flagler, Nassau, St. Johns, and Volusia Counties (Region 4).
Financial Overview
The company’s payer mix is 99.9% Medicaid, and the rest is private pay. In 2022, they grossed $1,341,000 with an adjusted EBITDA of $127,000 (9.5%). Due to a significant reimbursement rate increase at the end of 2022, revenues and profit will be higher in 2023, even with no increase in the census. Their current census is 70 patients. Gross revenues are on pace to reach $1.7 million in 2023 with an adjusted EBITDA of over $250,000.
Staff Overview
The staff is expected to stay on under new ownership, and the owner will assist during a reasonable transitional period.
Asking Price
The asking price for this opportunity is $1.4 million.
