American HealthCare Capital is pleased to present a home and community-based nursing and therapy company for sale in Michigan. The Company provides home health aide and nursing services, as well as physical, occupational, and massage therapy services to clients across the southeastern and upper-mid Michigan and is CARF-accredited (Certification and Accreditation of Rehab Facilities).
Since its inception in 2019, the Company has grown gross revenues at an impressive annualized rate of 45%, from $2.78 million during the first 12 months to over $5.8 million for 2022. Revenues for the first six months of 2023 were $3 Million, with Normalized EBITDA of $645K with 24.1% EBITDA margins.
Approximately 80% of the Company’s payer mix is automotive insurance, with the remainder a mix of workers comp and private pay. The Company plans to expand the mix of payers through various initiatives that it is current pursuing.
The Company has a clinical team of approximately 75 employees that provide outstanding, personalized care to the patients. In addition, an administrative team assists with human resources, accounting, and other operational support functions. All team members are expected to stay under new ownership, including a very strong (minority) Owner/Operator.
The asking price for this Company is $6.9 million.
If you would like to learn more, please use the link on the right-hand side of the page to execute our NDA. You will need to copy the Listing Code (Example: TXMC1A) and Listing Title (Example: $1 Million Home Health Agency in Texas) from the summary above to complete the NDA.