State:
Massachusetts
Category:
Home Care & Home Health
Asking Price:
$7,000,000
Revenue:
$11,500,000
American HealthCare Capital is pleased to present a full-service home care agency located in Massachusetts. Their services include Personal Care, Live-In, Companionship, Transportation, and Skilled Nursing. Their service area includes a sizeable portion of the state. The company’s payer mix is 95% ASAP (Aging Service Access Points) and 5% private pay. Throughout their history, the company has grown steadily. In 2016, they generated $10.6 Million in gross revenue and grew to $11.5 Million in 2017 with an adjusted EBITDA of approximately $1,195,510 (10.39%). They are expected to gross nearly $12 Million in 2018 with an adjusted EBITDA margin comparable to 2017. Their current census is approximately 2,000 patients, and they employ a staff of 450 W2 employees. All employees are expected to stay. The owner wants to pursue other business endeavors outside of healthcare but will assist during a transitional period as needed. The asking price for this opportunity is $7 Million.
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Listing Code:
MAPD1B
Listing Title:
$11.5 Million Home Care Agency Located in Massachusetts
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