American HealthCare Capital is pleased to introduce an established home care agency for sale in Western Pennsylvania. The company has been in business since 2010 providing non-skilled home care and personal care services to seniors, including 24-hour care and hospice support. This agency has a clean record with its state licensing agency, and their service area includes eight counties with expansion potential.
The company’s payer mix consists of 100% MCO Medicaid waiver. Gross annual revenues have consistently grown, exceeding $15 million in 2019 with an adjusted EBITDA of $3.3 million. With COVID restrictions in 2020, they saw a decline but have quickly rebounded and expect to reach $14.6 million in 2021 with an adjusted EBITDA of $2.75 million. Their current average census is 233 clients. Expansion can be achieved through further cultivation of referral partners and increased marketing efforts.
The staff is expected to stay on under new ownership, including the pool of W-2 employee caregivers. Additionally, the seller will assist a new owner during a transitional period.
The asking price for this opportunity is $15 million.
