American HealthCare Capital is pleased to introduce a Medicare certified home health agency located in Northeast, Texas. The company has been Medicare certified since 2012 and they are CHAP accredited. Additionally, they are Licensed for Provider Assistance Services (PAS). Their service area spans a 60 mile radius from their office.
The company’s payer mix is 68% Medicare, 20% insurance, and 12% PAS, private pay, and Long Term Care insurance. Gross revenues were over $600,000 in 2017 with a net profit of $165,000. Based on current trends and their growing referral base, they expect to reach $800,000 in gross revenues in 2018 with over $200,000 in adjusted EBITDA. Their current census is over 60 patients, and the sellers feel there are ample opportunities for continued growth because of the agency’s excellent reputation in the community for quality of care.
The staff is expected to stay on, but the sellers would like to retire. The asking price for this opportunity is $700,000.
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.