American HealthCare Capital is pleased to introduce a Licensed Home Care Services Agency (LHCSA) in Mid-Upstate New York that is for sale. The company has been in business since 2004. They have focused on servicing the mid-upstate area thus far, but they were recently approved to begin servicing the New York City Metropolitan area.
The company’s payer mix is 50% Private Pay and 50% MLTC. Gross revenues have been consistent in the $900,000 range with an above average net profit, and the sellers have purposely limited their census to the 20 – 30 range to maintain a manageable workload. They feel there is tremendous room for growth for a new owner with more business acumen and the financial wherewithal to fund expansion.
The sellers are looking to retire, but the rest of the staff is expected to remain under new ownership. The asking price for this opportunity is $600,000.
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.