State:
California
Category:
Home Care & Home Health
Asking Price:
$7,000,000
Revenue:
$10,800,000
Company Overview
PRIME exits and American HealthCare Capital are pleased to introduce a home health agency for sale in California. With multiple locations, they are strategically positioned to serve clients throughout a large area covering 6 counties.
Financial Overview
The company has shown growth over the past few years. The payer mix is 69% Medicare, 22% commercial insurance, and 9% other, and the current census is 410 patients. Gross revenues went from about $9.1 million in 2020, to $9.9M in 2021, to over $11 million in 2022, and they reached $10.8 million in 2023. Profit margins have been healthy, and they achieved $1.4 million in adjusted EBITDA in 2023, and they reached $10.9 million in 2023. Profit margins have been healthy, and they achieved almost $1.86 million in adjusted EBITDA in 2023.
Staff Overview
The staff is expected to stay on under new ownership. The company has an extremely strong leadership team in all key functions who are expected to continue running the business post-acquisition.
Asking Price
The asking price for this opportunity is $7 million.
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