American HealthCare Capital is pleased to present a Medicare and Medicaid certified home health agency based in the Dallas/Fort Worth, Texas area. The company has been Medicare/Medicaid certified since 2009. Their service area consists of 19 counties.
The company’s present payer mix is 100% Medicare. Gross revenues were $1.16 million in 2018 with a net profit of $190,000. The current census is 10 patients, down from 35-40 in 2017. In 2017 they were receiving 7 new admits per month. The drop in census is due mostly to the seller’s desire to divest the company. Growth could be re-established with a strong marketing effort and the 2019 gross revenue is projected to be $1.08 million.
The seller would be available for a transition period and would be willing to remain on an employment contract.
The asking price for this opportunity is $495,000.
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.