Company Overview
American HealthCare Capital is pleased to introduce an established private duty home care and medical staffing agency for sale in Northeast Florida. The company has been in business since 1990 and is licensed by the Florida Agency for Healthcare Administration as a Home Health Agency and a Health Care Service Poole. The home healthcare business comprises 70% of the total revenue and provides both skilled and non-skilled services. The staffing agency generates 30% of the revenue and specializes in RNs, LPNs, CNAs, and CMAs.
Financial Overview
The home healthcare payer mix is 50% Private Pay and 50% Long Term Care insurance. The revenue breakdown is 25% skilled and 75% non-skilled. The current average daily census is 15 clients, of which 3 -4 receive 24-hour care. The breakdown of staffing revenue by position is 33.3% RNs, 33.3% LPNs, and 33.3% CNAs.
Gross Revenues have been steady over the past few years. They went from $707,000 in 2020, to $718,759 in 2022, and they are currently on pace to end 2023 between $750,000 to $800,000. The seller anticipates the home healthcare business will continue to grow in 2023 due to the increased population growth in the area. They also see an opportunity for growth in the healthcare staffing business, as many of the facilities they contract with continue to experience ongoing, industry-wide staffing shortages.
Staff Overview
The staff is expected to stay on under new ownership. The seller is looking to retire but will assist a new owner during a transitional period.
Asking Price
The asking price for this opportunity is $400,000.
