American HealthCare Capital is pleased to introduce a Medicaid and Private Duty Home Care Agency for sale in Southeast Virginia. The company provides a full range of non-skilled personal home care services, including walking assistance, hygiene assistance, housekeeping, companionship, respite, and more. Payers include Medicaid, private pay, and MCOs. They serve a 5 county area.
Gross Revenues were in the $400,000 range in 2018 and 2019. Due to the pandemic, they saw a decline in 2020 and 2021, but they are starting to see business stabilize. They ended 2021 with $260,000 in gross revenues, and they anticipate similar or better results in 2022. The current census is 12 clients, with no 24 hour clients, and they bill an average of 850 hours per month. The biggest challenge recently has been a shortage of staff and changing requirements from the state.
The staff includes a pool of 20 caregivers, all of whom are expected to stay on, and the owners will assist during a transitional period. A new owner would be acquiring a fully licensed, turnkey home care operation with caregiving staff in place to build upon.
The asking price for this opportunity is $100,000.
