American HealthCare Capital is pleased to introduce a Medicaid home care agency for sale in Northeast Texas. The company has been in business since 2006 providing Personal Attendant Services, as well as skilled nursing visits under the waiver program. Their service area spans DADS Region 4 and includes 18 counties.
The company’s business is 100% managed Medicaid through Cigna HealthSpring and United Healthcare Community Plan. Gross revenues have consistently grown over the past few years, going from $336,000 in 2012, to $550,000 in 2013, to over $764,000 in 2014. The current average daily census is 60 clients and they have a steady flow of referrals. A new owner could continue growing the business through increased marketing, especially since the company provides services that many agencies no longer provide such as medication refills, port flushes, and monitoring for medication compliance and disease processes.
The staff is expected to stay on and the seller will accommodate a transitional period or consider staying on part time. The asking price for this opportunity is $175,000.
