American HealthCare Capital is pleased to present a Medicare and Medi-Cal certified Hospice and Home Health agency based in Southern California. The company has a long legacy of business in the state and provides services which include physical, occupational, recreational, behavioral, and speech therapies; wound care; IV therapy; chemotherapy; pediatrics; congestive heart failure treatment; and assistance with ADLs as well as four tiers of hospice services. In August of 2018, the company filed for Chapter 11 bankruptcy relief, seeking to reduce its substantial debt load. The sale will be conducted under Section 363 of the US Bankruptcy code as an asset purchase; conveyed free of all monetary liens and encumbrances. The payer mix is 87.93% Medicare, 10.5% managed care, and 1.57% Medi-Cal. 2018 Annual gross revenues were $19.2 million with an adjusted EBITDA of $2,368,540 (12.31%). They have a TTM (October 2018 – September 2019) revenue of $15.4 million with an adjusted EBITDA of $1.78 million (11.57%). Their current average census is a total of 337 home health patients and 140 hospice patients with an average of 36 new hospice admissions per month. All employees, as well as the management company, are expected and willing to remain within the operations. The asking price for this opportunity is $10 million for both the Home Health and Hospice operations or $8 million for the Hospice independently.