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$3 Million Case Management and Home Care Agency for Automobile Injury Patients in Michigan

State: 

Michigan

Category:

Home Care & Home Health

Asking Price:

$3,000,000

Revenue:

$3,000,000

Listing Code:

MIPD1I

American HealthCare Capital is pleased to introduce a Case Management and Home Care agency for Automobile Injury patients for sale in Michigan. The company has been in business for twenty-five years. Their service area covers the entire state of Michigan.

The company’s payer mix consist of 98% Michigan No Fault Auto Insurance and 2% Workers Compensation. Gross revenues have been consistent over the last few years, ending 2019 at $2,652,635.47 with an adjusted EBITDA of $773,201 (26.4%). They are currently on track to gross $3 million with an adjusted EBITDA margin of 25%. The owner believes that significant growth opportunities exist through enhanced marketing efforts to healthcare professionals.

The seller is looking to retire but will be available to assist during a transitional period. All staff is expected to stay on under new ownership.

The asking price for this opportunity is $3 Million.

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