American Healthcare Capital is pleased to introduce a Medicaid Home Care Agency for sale in South Texas. The company has been providing non-skilled home care services, including homemaking services and personal care for decades. They operate from multiple locations, serving a 19-county area in South Texas (Region 11).
The South Texas home health company’s payer mix is primarily Medicaid MCO with a small percentage of private pay. Gross revenues in 2019 were $36.8 million and $34.7 million in 2020. In 2021, they generated $31.9 million with an adjusted EBITDA of $919,024 (2.88%). For the 9 months ended 9/30/22, they generated $24.4 million with an adjusted EBITDA of $813,497 (3.33%). The company expects 2022 to close with gross revenues of $30.8 million. In 2023, gross revenues are projected grow to $35 million with an adjusted EBITDA of approximately $1.5 million.
Their current average census exceeds 1,450 patients, and they currently employ over 2,800 team members. The Medicaid home care company bills over 183,000 hours per month on average.
The owners intend to retire but will assist with a transition. All non-owner employees are expected to transition under new ownership.
The owners of this South Texas Medicaid Home Health Care agency will consider competitive offers including earn-outs.
If you would like to learn more, please use the link on the right-hand side of the page to execute our NDA. You will need to copy the Listing Code (Example: TXMC1A) and Listing Title (Example: $1 Million Home Health Agency in Texas) from the summary above to complete the NDA.