American HealthCare Capital is pleased to introduce a Medicare-certified hospice agency for sale based in Houston, Texas. The company began operations in 2014 and is licensed to service the entire state of Texas.
The company’s sole payer is Medicare, and the company does not participate in Medicaid. The company has been winding down operations with the intention to sell. In 2020, gross revenue was $168,320 with an operating profit of $35,532. The company stopped serving patients in March 2021, and the current census is zero. There are no cap issues or ADR’s.
The sellers are looking to retire and pursue other interests but will assist with a transition.
The asking price for this opportunity is $350,000.
