American HealthCare Capital is pleased to introduce an established Home Care agency for sale in Southeast Pennsylvania. The company has been in business since 2018 and provides one-on-one, non-skilled home care services and personal care services to seniors and disabled adults. Their service area spans over five counties in the surrounding area.
The company’s payer mix is 100% Medicaid. Annual gross revenues in 2018 were $693,267 and grew to $2,195,204 in 2019. They are currently on pace to exceed $3 Million in gross revenue by end of year 2020, with an adjusted EBITDA margin of 20%. Their current census is 50 patients, of which 5 currently receive 24-hour care, and they are billing over 3,000 hours per week. The seller feels that tremendous growth could be achieved by obtaining a Medicare certification, expanding their service area, and implementing more vigorous marketing efforts.
All employees are expected to stay on under new ownership. The seller is looking to focus on other business endeavors but will be available to assist during a short transitional period.
The asking price for this opportunity is $2.4 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.