American HealthCare Capital is pleased to introduce a Medicare and Medicaid certified home health agency for sale in the Toledo, Ohio area. The company has been in business for 13 years providing both skilled and non-skilled care. Their service area spans a 50 mile radius, allowing them to cover the greater Toledo area.
The bulk of the company’s business (95%) comes from Medicaid and Managed Medicaid programs. Approximately 5% of their business is from Medicare. Gross revenues were just under $800,000 in 2018. In 2019, they are on track to see a slight increase to exceed the $800,000 mark with a current census of 110 patients. Additionally, the sellers have made adjustments to cut costs and increase efficiencies so that profitability will show an increase in 2019.
The staff is expected to stay on, and the seller will assist during a transitional period. The asking price for this opportunity is $500,000.
