American HealthCare Capital is pleased to introduce a Private Duty Homecare agency that is for sale in Southwest Illinois. This family owned company was established nearly 20 years ago and provides non-medical home care services. Their service area spans 5 surrounding counties.
The company\’s payer mix is 90% Private Pay and 10% VA and Worker\’s Comp. Gross revenues have steadily grown over the past few years and were approximately $725,000 in 2015 with an adjusted EBITDA of $138,000. In 2016 their gross revenues were $977,560 with an adjusted EBITDA of $193,201. They are on track to gross approximately $1.2 Million in 2017. They currently have 40 clients, of which 1 receives 24 hour care, and they are billing around 4300 hours per month. Further growth could be achieved with stronger marketing and recruiting efforts.
All employees are expected to stay on under new ownership and the seller would be willing to assist during a transitional period.
The asking price for this opportunity is $700,000.
