American HealthCare Capital is pleased to introduce a group home and home care and support services agency for Individuals with Developmental Disabilities for sale in Houston, Texas. They are State Certified to provide Home and Community Based Services (HCS), Texas Home Living Services (TxHML), Community First Choice (CFC), Respite, and Group Home Services. The company serves HCS/TxHmL Waiver Contract Area 5, which includes 9 counties in the greater Houston area, but they are able to receive clients from anywhere in the state. They operate 3 group homes with a total of 9 beds.
The company receives Medicaid Waiver payments from HHSC and SSI payments for Room and Board. Approximately 99% of their revenue comes from HHSC and 1% is from SSI. They currently have 13 clients, of which 4 are Foster Care, 4 are Group Home, and 5 are Texas Home Living. Gross revenues have been consistent at nearly $1 million annually. The adjusted EBITDA was approximately $146,000 (15%) in 2019. They saw a slight dip in 2020 due to COVID but expect numbers to normalize in 2021.
The staff is expected to stay on under new ownership, and the seller will accommodate a short transitional period. The asking price for this opportunity is $500,000, which does not include any real estate. However, the seller owns 1 of the group homes and they are open to selling it at fair market value or leasing it to a new owner.
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.