American HealthCare Capital is pleased to introduce an established, private duty home care agency for sale in North Texas. The company has been in business since 2013 providing non-skilled home care services at the home care aide/nursing aide level. The agency serves Collin, Dallas, and Denton Counties.
The company’s payer mix is 60% private pay, 20% Long Term Care insurance, and 20% VA. Gross Revenues have been steady over the past few years. They went from $950,000 in 2019 to $1.1 million in 2020, to over $1 million in 2021. They are currently on pace to end 2022 at around $1 million. Adjusted EBITDA was $182,052 (17.9%) in 2021, and it is expected to be about the same in 2022. The seller anticipates the business will continue to grow in 2023 due to additional independent living facilities being built in Plano, which should increase referrals. They are also seeing marked improvement in staffing shortages.
The staff is expected to stay under new ownership, including the pool of 51 W-2 employee caregivers. Additionally, the seller will assist a new owner during a transitional period.
The asking price for this opportunity is $800,000.
