American HealthCare Capital is pleased to introduce a non-skilled home care agency for sale in the Northwest. The company serves a total of 26 counties in multiple states. They are approved to accept state Medicaid Waiver programs to provide home care services for consumers with physical, mental, intellectual, and related disabilities, traumatic brain injuries, spinal cord injuries, and other types of disabilities. Services include Personal Care, Homemaker Services, Private Duty Nursing, Developmental Disability Programs, and Respite Care Services.
The company’s payer mix is 85% Medicaid, 10% VA, and 5% private pay. Gross revenues are expected to be in the $16 million range in 2022 with an adjusted EBITDA of around $1.9 million. The current census is over 600 clients, and they are billing an average of 43,400 hours per month. They are authorized for more hours, but staffing shortages have prevented them from taking on more hours. The seller feels that growth could be achieved with a more active owner, by hiring marketing staff, and with additional recruitment of caregivers.
The staff is expected to stay on under new ownership, and the owner will accommodate a transitional period.
The asking price for this opportunity is $14 million.
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.