American HealthCare Capital is pleased to introduce a Medicaid and private duty home care agency for sale in New Jersey. The company has been in business for 26 years providing non-skilled home care services. They service 2 counties in the northern part of the state.
The company’s payer mix is 90% Medicaid and 10% private pay. Gross revenues were nearly $660,000 in 2018 with an adjusted EBITDA of $105,000 and are expected to be the same in 2019. Their average daily census is around 30 clients. The owners feel that growth could be achieved with a renewed marketing effort, as they have not been actively pursuing growth opportunities due to the owner\’s retirement in January 2017.
There is a full complement of staff available to stay on under new ownership and the owner will assist during a transitional period. The asking price for this opportunity is $450,000.
