American HealthCare Capital is pleased to offer a Medicare Certified Home Health Agency for sale in the San Antonio, Texas area. The company provides skilled nursing care, certified home health aides, physical and occupational therapy, speech therapy, and medical social services. The company serves patients in 8 counties throughout the San Antonio metro area.
The payer mix is 93% Commercial Insurance and 7% Traditional Medicare. A negligible amount of revenue is derived from Private Pay. The company is currently contracted with Wellmed, Blue Cross Blue Shield of Texas, Humana, and One Homecare Solutions.
Gross revenues in 2019 were $1,946,543 with a net loss of $203,017. In 2020, gross revenues were $2,385,425 with a net income of $53,275. In 2021, gross revenues grew to $3,412,428 with a net income of $183,575. Through 8/31/22, gross revenues for the year were $2,531,516, putting them on track to gross over $3.7 million by the end of the year. For the Trailing Twelve Months (TTM) period of 9/1/21 – 8/31/22, gross revenues were $3,750,181 with an Adjusted EBITDA of $692,173 (18.46%).
Their current average census is 600 patients, and they receive about 450 new admissions per month.
The owners plan to retire but will assist during a transition period.
All competitive offers will be considered.
