State:
California
Category:
Home Care & Home Health
Asking Price:
$1,300,000
Revenue:
$1,300,000
American HealthCare Capital is pleased to introduce a Pediatric Medicaid Home Health Agency for sale in the Los Angeles, California area. The company is ACHC accredited and Medi-Cal certified with clean and current licenses. They are also Medicare certified, although they do not provide any services through Medicare. Approximately 85% of the company’s business is long-term pediatric skilled nursing cases, known as Early and Periodic Screening, Diagnostic and Treatment (EPSDT). Approximately 10% of the company’s business is Home and Community Based Services (HCBS) waiver services, which is an extension of EPSDT when the patient reaches 21 years of age. The remaining 5% of the business is providing minimal, monthly pediatric LVN respite services to local Regional Centers. Gross revenues have consistently been in the $2 million range but have recently seen a decline due to COVID and staffing shortages. In 2022, they expect to gross $1.3 million with an adjusted EBITDA margin of 25%. There is tremendous opportunity for growth with additional staff, as well as expanding their services into Medicare, private pay, and private insurance. The staff is expected to stay on under new ownership, and the seller will assist during a transitional period. The asking price for this opportunity is $1.3 million.
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