State:
Connecticut
Category:
Home Care & Home Health
Asking Price:
$650,000
Revenue:
$1,100,000
American HealthCare Capital is pleased to introduce a Private Duty Home Care agency located in Eastern Connecticut. This reputable company has been in business since 2006 providing non-skilled care services, such as assistance with ADLs, financial assistance, 24/7 caregiving, and much more. They are licensed to service the entire state of Connecticut. The company’s payer mix consists of 90% Private Pay, 8% LTC, and 2% Senior Resources. In 2014, the company generated approximately $873,000 in gross revenues and grew to approximately $1,063,704 Million in 2015 with an adjusted EBITDA of adjusted EBITDA of 18.13% ($192,863). In 2016, the company will generate close to $1.1 million in revenue and a comparable adjusted EBITDA (17%). Their current census is 27 patients and they are currently billing an average of 5650 hours per month. The seller feels there is tremendous growth opportunity for a dedicated new owner. The staff is expected to stay on under new ownership. The seller is looking to focus on other endeavors but is willing to help during a short transitional period. The asking price for this opportunity is $650,000.
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Listing Code:
CTPD1C
Listing Title:
$1.1 Million Private Duty Home Care Agency Located in Eastern Connecticut
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