Company Overview
American HealthCare Capital is pleased to introduce a Medicare certified home health agency for sale in Western Georgia. The company has been in business since 2002. They serve clients within a 3-county region. Agencies in this area rarely become available, and there is very low competition due to the high barrier of entry with Georgia being a CON state for home health.
Financial Overview
The company’s payer mix is 50% Medicare and 50% Insurance (HMO). Gross revenues were just under $1.7 million in 2022. Pre-pandemic, the company had grown to over $2 million in 2019. Their revenue remained steady through 2020 and 2021 but began to decline in 2022 due to staffing shortages. Although the staffing shortages are still around, 2023 is off to a better start with census growth of over 25% compared to the prior year. The home health agency in Georgia is on track to exceed $2 million in gross revenues by the end of 2023 with a current census of 120 patients. They have struggled with profitability but feel that various efficiencies could be realized via an acquisition by a larger strategic buyer with an established back office.
Staff Overview
All staff except the owners would like to stay on. The owners will assist during a short transitional period if needed.
Asking Price
The sellers will consider all competitive offers for this home health care agency in Georgia.
