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).
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.
The staff is expected to stay on under new ownership, and the owner will assist during a reasonable transitional period.
The asking price for this opportunity is $1.4 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.