American HealthCare Capital is pleased to offer a Medicaid Certified ICF-IDD company for sale located in Missouri. The company provides ICF-IDD Medicaid Residential Services and Medicaid Waiver services through the development of Independent Supported Living (ISL) services. They also provide Vocational and Employment services that assist individuals with IDD in obtaining community-based employment.
The company’s current payer mix is approximately 97% Medicaid and 3% Self-pay. Over the past two years, the company has increased in annual revenue and has been profitable. In 2018, the company collected $1,780,276 with an adjusted EBITDA of $202,691. In 2019, they increased their revenue and collected $2,137,765 with an adjusted EBITDA of $375,600. In 2020, they are projected to increase their revenue, again collecting approximately $2,200,000 in annual revenue with an adjusted EBITDA of approximately $400,000.
The seller is considering retirement but is willing to stay for a transitional period. The rest of the staff is expected to stay on under new ownership.
The asking price for this opportunity is $1,800,000 plus real estate.
