Company Overview

PRIME exits andd American HealthCare Capital are pleased to introduce an independent professional private duty home care services organization for sale in Northern California. The company has been in business for 20+ years providing non-medical home care services, including personal care, meal preparation, transportation, respite care, companionship, Assessment services, Community Supports and Enhanced Care Management services on behalf of Strategic Partners within the Healthcare Continuum. They are licensed by the Department of Social Services as a non-medical home care organization (HCO) and they service the greater Bay Area and Central Valley communities.

Financial Overview

The private duty home care agency’s payer mix in 2023 was 55.7% private pay, 26.6% LTC Insurance, 14.7% VA, and 3% other. Gross revenues were $11.7 million in 2022 and over $12 million in 2023. They expect to achieve $12.5 million in 2024 with an adjusted EBITDA in the 15% range. They have a current census north of 800 clients, and they bill an average of 26,446 hours per month.

Staff Overview

They are seeking a buyer who can utilize their proprietary business model, significant infrastructure, and positive community reputation to expand geographically and scale the business. There is also a full complement of administrative and field staff that will continue with the business.

Asking Price

The seller will consider all competitive offers.