American HealthCare Capital is pleased to offer a Medicare Certified Home Health Agency for sale in Michigan. The company is dedicated to providing comprehensive skilled nursing care, certified home health aides, physical and occupational therapy, speech-language therapy, medical social work and laboratory services. Their service area includes 5 counties in Southeast Michigan.
The company’s current payer mix is approximately 75% Medicare, 20% Medicare Advantage and 5% Private Pay. Over the past three years, the company has remained very consistent in annual revenue in the $1.9 million range. In 2019, they are on track to gross $1.9 million again with an adjusted EBITDA around $270,000. Their average census fluctuates between 110-125 with 50-60 new admissions per month. There is a strong referral base split evenly between physician offices, hospitals and SNF’s.
The seller would like to pursue other ventures but is willing to stay on for a transitional period or longer for right opportunity.
The asking price for this opportunity is $1.3 million.
If you would like to learn more, please contact us for a Confidentiality Agreement that will allow us to share more detailed information with you.