American Healthcare Capital is pleased to introduce a Medicaid Home Care Agency for sale in Texas. The company has been in business for nearly 8 years providing non-skilled home care services, including homemaking services and personal care. They have two locations, allowing them to serve a very broad area.
The company’s payer mix is 100% Medicaid and they have contracts with multiple MCOs. Gross revenues in 2017 were $9,121,508 and grew to $10,463,511 in 2018 with an adjusted EBITDA of $1,778,229. In 2019, the company did 11,073,850.28 with and adjusted EBITDA of 1,628,041. Their current average census is just over 680 patients.
The majority of the staff are expected to stay on under new ownership, and the owners will assist during a transitional period.
The asking price for this opportunity is $11 million.
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.