American HealthCare Capital is pleased to introduce a Medicare Home health agency and a Medicaid certified Pediatrics agency located in Eastern Missouri. The companies have been operating since 2003 and 2004. The service area spans a 30-mile radius from their office.
The Home health agency’s payer mix is 69% Medicare, 2% Medicaid, 18% Insurance, and 11% Veteran’s Administration. Gross revenue was $1,141,345 in 2018 and an adjusted EBITDA of $260,185. The current census runs between 80- 85 Home health patients, and the sellers feel there is ample opportunity for continued growth due to the agency’s excellent reputation in the community for quality of care. The company has been receiving Behavioral health referrals from Hospitals due to the fact the Hospital based Home health services do not specialize in this area.
The company also has a Pediatric side of the business that generates 2400-3000 visits per year serving high risk pregnancies for Medicaid HMO’s. They have created a Lead Toxicity, Asthma, Prenatal and Post-Partum programs. The Pediatric business generates a 40% gross profit margin. They achieved Gross revenue of $152,854 in 2018, with an adjusted EBITDA of $40,266. Referrals for both companies come from the Medical director, Veteran’s Administration, Assisted Living Facilities, Hospitals, Doctor/ Pediatrician offices, Medicaid/ HMO case manager referrals and contracts with the state.
The current owners are interested in relocating to another market. They are willing to assist during a transitional period.
The asking price for this opportunity is $875,000.
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.