Company Overview
American HealthCare Capital is pleased to introduce a Medicare/Medicaid licensed and certified home health agency in Miami-Dade County, Florida. The company received Medicare certification in 2008, and their last survey was completed in 2023 with no ADRs. This reputable agency has CHAP Accreditation and provides both skilled, non-skilled services and physical therapy.
Financial Overview
The company has grown steadily over the past few years. Gross revenue was $2.3 million in 2020, $2.4 million in 2021, and $2.5 million in 2022. In 2023, the company grossed $2.9 million with an EBITDA of $300,000. They expect to see continued growth in 2024.
The company’s payer sources are 90% Medicaid, 5% Medicare, 5% Private. The current average census is 35 patients with 3 – 5 monthly admissions. 90% of current patients are Long Term Care.
Staff Overview
The agency is fully staffed with 6 office employees and 41 contracted caregivers. All staff are expected to stay on.
Asking Price
The asking price for this opportunity is $1.3 million.
