American Healthcare Capital is pleased to introduce a Medicaid Home Care Agency for sale in El Paso, Texas. Established in 2007, the company provides non-skilled home care services, including homemaking services and personal care. They serve patients in El Paso County within DADS Region 10.
The company generated gross revenues of $997,784 in 2020, $964,051 in 2021, and $894,113 in 2022. Gross revenues through 6/30/23 were $407,687, and they are projected to reach $850,000 by the end of 2023. The company has been operating at a modest loss for several years.
The company’s payer mix consists of 98% Medicaid and 2% private pay. Medicaid payer sources include State Medicaid (60%) and Medicaid MCO (38%), and the company maintains contracts with Molina, Amerigroup, and The Rio Grande Area Agency on Aging. The company is reimbursed at an average hourly rate of $13.10 for services, and it pays attendants an hourly wage of $9.00 – $10.00. The company bills an average of 5,222 hours per month. Their current average census is 59 clients, and they currently serve no 24/7 patients. The company does not currently participate in Consumer Directed Services.
The current owners plan to retire but are available to assist during a reasonable transitional period. The remaining office staff and care attendants may transition with a new owner.
The asking price for this opportunity is $300,000.
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.