American HealthCare Capital is pleased to introduce a Medicare and Medicaid certified home care agency for sale in Ohio. The company is ACHC accredited and passed their last survey in 2020. Although they are Medicare certified, they focus primarily on providing non-medical home care to Medicaid/MCO clients. Their service area covers a 6 county area.
Gross revenues have increased consistently over the past few years, going from over $6 million in 2018, to $7.6 million in 2019, to over $9.5 million in 2020 with an adjusted EBITDA over $2 million. The sellers feel EBITDA could be even higher above 25% with a strategic buyer who could immediately realize synergies by consolidating overhead costs and eliminating non-essential personnel. They anticipate further growth in 2021, and the current census is 320 Medicaid/MCO clients.
There is a full complement of staff, including key management personnel, who are expected to continue working under new ownership. The seller would like to focus on other business ventures but is available to assist during a transitional period or to remain on in a consulting role.
The asking price for this opportunity is $9 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.