American HealthCare Capital is pleased to introduce an I/DD residential service provider for sale in Kentucky. The company offers residential level II services to individuals with intellectual and developmental disabilities (I/DD) throughout the entire state of Kentucky utilizing the Family Home Provider (FHP) model, working through the Supports for Community Living Medicaid Waiver (SCL). The company focuses on Residential Level II services, also known as Family Home Provider (FHP) or Adult Foster Care (AFC). They are certified to operate in all 120 Kentucky counties.
The IDD residential service company’s payer mix is 99% Medicaid and 1% State General Funds. Gross revenues have increased every year. In 2019, they grossed nearly $6 million in 2019 and grew to almost $6.3 million in 2020. In 2021, they grossed $6.9 million with an adjusted EBITDA above $900,000. They ended 2022 with around $8.1 million in gross revenue and expect to have an EBITDA margin similar to the previous year. The current census is 140 clients, and they are expecting to reach $9.9 million in 2023. There are many opportunities for continued growth, including expanding their service area into nearby markets.
The staff is expected to stay on, and the owners will assist during a transitional period.
The asking price for this IDD residential service provider is $7.7 million.
