Company Overview
American HealthCare Capital is pleased to introduce a private duty home care agency for sale in Rhode Island. The company has been in business since 1985 providing skilled block time nursing and non-skilled CNA home care services to clients in a 3 County area of Rhode Island. Payer sources include RI Medicaid (40%), Medicaid HMOs (25%), State eldercare programs (18%), VA (12%), private pay (5%).
Financial Overview
Gross revenues have been steady for the past few years. They are currently on pace to reach the $1,000,000.00 in 2024. Adjusted EBITDA is in the 8 to 10% range. The current census is 35 clients. There is ample room for growth with their existing referral base if additional staff can be hired.
Staff Overview
The seller would like to retire but can assist with the transition. The rest of the staff is expected to stay on.
Asking Price
The asking price for this opportunity is $450,000.
