American HealthCare Capital is pleased to exclusively introduce an established Hospice and Home Health agency for sale in Southern California. The company has been in business since 2012 providing hospice care and added home health in 2018. They are Medicare certified and Joint Commission accredited. Their service area includes the counties of Los Angeles, Orange, and San Bernardino.
The company’s primary payer source is Medicare, but they also accept MediCal (Medicaid). Revenues have increased over the past few years, going from over $1.7 million in 2020, to $2.9 million in 2021, to more than $3.1 million in 2022. They were on pace to surpass $3.5 million in 2023 based on results through October, and they expect to see continued growth in 2024. The hospice census is 42 patients, and the home health census is 14 patients.
The seller is an absentee owner who has not focused on growing the business but feels there is significant opportunity for expansion through increased marketing to contracted health plans, hospitals, and IPAs. The company has several lucrative contracts that are closed to new providers, including Optum, and they have authorization for many IPAs.
The staff is expected to remain after the sale, and the seller will assist during a brief transitional period.
The seller will consider all competitive offers.
