American HealthCare Capital is pleased to introduce a Pediatric Private Duty Nursing and Medicare Certified Home Health Agency for sale in Pennsylvania. This well-established company has been operating for over 30 years and was acquired by present ownership in October 2020. The company is approved to serve clients in 49 counties across the state.
In 2020, during its first few months of operation under present ownership, the company generated $678,486 in gross revenues with an adjusted EBITDA of $224,899 (33.15%). In 2021, gross revenues grew to $1,532,424 with an adjusted EBITDA of $143,408 (9.36%). In 2022, the company continued to achieve substantial growth with gross revenues of $3,585,505 and an adjusted EBITDA of $561,118 (15.65%). In 2023, gross revenue is projected to reach $4 million, with an adjusted EBITDA of $640,000 (16%). The company’s significant growth is attributed to the increase in pediatric business, which was first launched in December 2020, and represented 1% of total revenue in 2020, 63% in 2021, and 84% in 2022.
The adult business consists of Traditional Medicare and Medicare Advantage. Payors include Medicare, Medicare – RAP, Aetna, United, and Geinsinger SNC. The current average census is 44, and the company performs about 350 skilled visits per month.
The pediatric business consists of State Medicaid and Medicaid MCO. Payors include Geinsinger Health Plan, Amerihealth, Crestwood, Aetna Better Health, State of PA, and Health Partners PA, and UPMC. The current average census is 45, and the company delivers approximately 7,000 hours of care per month. Their average hourly rate for service is $43, and they pay an average hourly wage of $27.
The company has almost 80 employees, all of whom are expected to remain post-sale.
The seller will consider competitive offers.
If you would like to learn more, please use the link on the right-hand side of the page to execute our NDA. You will need to copy the Listing Code (Example: TXMC1A) and Listing Title (Example: $1 Million Home Health Agency in Texas) from the summary above to complete the NDA.