Company Overview
American Healthcare Capital is pleased to exclusively introduce an industry-leading provider of a full spectrum of modern patient care services and solutions, including medication management, home health, and personal care services.
The Company has provided this suite of services to adults and seniors for the past 18 years through four locations strategically spread across the state. Their current average census exceeds 100 patients, and they employ over 90 healthcare professionals. The market covered by the Company is destined to grow based on the fact that 54 million adults in the U.S. are aged 65 years & above, accounting for 16.5% of the country’s population (as per the U.S. Census Bureau’s latest reporting).
Financial Overview
The company provides home health services to its diversified patient base, working with most commercial insurance plans and Medicaid and Medicare. Based on the combined sales of all four managed locations in 2021 and the projected full-year consolidated results for 2024, the Company has grown revenue from $2 million to $3 million, translating into a 10% compound annual growth rate (“CAGR”), and an overall growth rate of 50% over the period considered. For the same period, adjusted EBITDA has grown 17% CAGR from $174,000 in 2021 to $333,000 in 2024. Adjusted 2025 EBITDA is expected to be $1.2 million, or 34% of the Revenue.
The Company’s Management has recognized that they are at a critical juncture. Having achieved the ambitious goal of owning four locations in the state across four cities covering an area stretching over 200 miles (north to south), and with effective implementation of an integrated management system based on personnel education, marketing, and outreach programs, the group wishes to see the Company expand their growth horizon through a more aggressive approach to new business development in core and ancillary services, including a comprehensive strategy for further growth through de novo locations and possible acquisitions. As a result, the ownership has decided to explore a sale of the Company to a possible strategic partner and has engaged American Healthcare Capital as the exclusive advisor. The management is open to all types of deal structures, including earnout and roll-over equity.
Asking Price
The Asking price for this opportunity is $2.5 million.
