American HealthCare Capital is pleased to introduce a Medicare certified home health agency for sale in Massachusetts. The company has been Medicare certified since 2006. The company is a full-service agency providing skilled nursing services, physical and occupational therapy, and home health aides. Their service area includes 4 counties, allowing them to serve a large portion of the state.
The company’s payer mix is 40% Medicare, 3% Medicaid, and 57% private insurances. Their current census is 210 patients, of which 79 are Medicare. Gross revenues have grown steadily over the past few years, going from $3.3 million in 2018, to $3.6 million in 2019. In 2020, they grossed over $3.9 million with an adjusted EBITDA of more than $662,000. In 2021, they conservatively project revenues of $4.1 million with a similar EBITDA margin. The sellers feel there is ample room for growth within the company’s existing service area.
The staff is expected to stay on, and the sellers will assist during a transitional period. The asking price for this opportunity is $3.5 million.
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