American HealthCare Capital is pleased to introduce non-medical private pay home care agency located in the Austin, Texas area. Established in 2012, the company is approved to serve patients in Travis, Hays, Caldwell, and Comal counties. The agency’s core services include Personal Care, Homemaking, Companionship, and Care Management.
The company’s payer mix is 100% Private Pay. Approximately 20% of clients have Long-Term Care Insurance (though all LTC patients pay the company directly). The current average census is 26 patients, and there are 2 clients receiving 24/7 care. The private pay home care company bills 700 – 800 hours per week. The average bill rate is $28.50, and Caregivers are paid $16-$17 per hour.
Gross revenues remained consistent at just over $1 million per year from 2019 – 2021. In 2021, gross revenues were $1,027,154 with an adjusted EBITDA of $40,651 (3.96%). Through 8/31/22, gross revenues were $586,383, putting this business for sale in Austin, Texas on track to achieve $880,000 by year-end.
The staff is expected to stay on under new ownership. The owners, who currently reside out of state, intend to pursue other endeavors and will assist with a transition. There are existing employees who manage most of the day-to-day operations.
The asking price for this business for sale in Austin, Texas is $350,000.
