Company Overview
American HealthCare Capital is pleased to exclusively introduce a well-established Medicaid Home Care Agency for sale in Pennsylvania. The company provides professional and compassionate non-skilled personal care, light housekeeping, and assistance with activities of daily living to clients in 28 counties. They are contracted with numerous managed care organizations.
Financial Overview
The company’s payer mix is 100% MCO Medicaid. Their average daily census is 200 clients billing 60,000 hours per month. Gross revenues reached over $18.5 million in the trailing-twelve months with an adjusted EBITDA of $4.5 million.
Staff Overview
The staff is expected to stay on under new ownership, including a pool of W-2 employee caregivers. Additionally, the Sellers are willing to assist a new owner for an extended period.
This is a turn-key platform opportunity for a buyer who is looking to quickly enter the Pennsylvania home care market with a clean provider number and license, as well as valuable MCO contracts.
Asking Price
The asking price for this opportunity is $26.7 million, which excludes cash, receivables, and working capital.
