American HealthCare Capital is pleased to introduce a non-medical home care agency for sale in North Carolina. The company is located in the north central part of the state. They have been in business for 10 years and have received numerous awards. They offer assistance with ADLs, meal preparation, light housekeeping, transportation, medication reminders, and safety monitoring. Their service area includes all or part of 16 counties.
The company accepts private pay (73%), long term care insurance (10%), Veterans Administration Homemaker & Respite program (12%), and Veteran’s Aid & Attendance (5%) clients. They do not accept Medicaid reimbursement. Gross revenues in 2020 were $1,486,000, and they are on track to make $2 million in 2021 with a 20% adjusted EBITDA margin. Their current census is 46 patients. Growth could be achieved immediately by hiring additional caregivers, as the agency is currently turning down new referrals due to a lack of staff.
There is a full complement of caregivers and office staff expected to stay on under new ownership. The asking price is $2 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.