Company Overview
American HealthCare Capital is pleased to introduce an established Home Health and Hospice agency for sale in Southeast Texas. The company is Medicare and Medical certified since 1985. They are located southeast of San Antonio, servicing 14 counties in the region.
Financial Overview
Gross revenues have consistently grown since the pandemic. Gross revenues were $3.5 million in 2021, and $3.9 Million in 2022 and are expected to be close to $3.5 million in 2023. The average daily census is currently 160 for Home Health and 30 for Hospice, and they anticipate reaching 190 for Home Health and over 40 for Hospice by year-end 2023. The company’s 2021 home health payer mix was 59% Medicaid and HMO, 40% Medicare, and 1% private pay, but they are shifting towards Medicare being their primary payer. Their hospice payer mix is 100% Medicare.
Asking Price
The asking price for this opportunity is $2.2 million.
