State:
Michigan
Category:
Home Care & Home Health
Asking Price:
$250,000
Revenue:
$1,000,000
Company Overview
PRIME exits and American HealthCare Capital are pleased to exclusively represent a Medicare certified home health agency for sale in the Detroit, Michigan Metropolitan area. Established in 2005, the company has a loyal, tenured staff that is dedicated to providing exceptional patient care. The company is approved to serve patients across the state of Michigan, but they currently focus on the counties of Macomb, Oakland, St. Clair, and Wayne.
Financial overview
The company’s payer mix is 53% Medicare/Medicare Advantage and 47% private insurance. The average daily census is 45 patients. Gross revenue has trended downward over the past few years due to the seller’s focus on other ventures. They grossed nearly $1.2 million in 2024, and they expect to achieve $1 million in 2025. Profit has been minimal but could be immediately improved by eliminating excess staff.
Staff Overview
The current staff is expected to stay on under new ownership. The seller who serves as the Administrator would like to move on to focus on other ventures but will assist new ownership during a transitional period as needed.
Asking Price
The asking price for this opportunity is $250,000, which does not include cash, receivables, or working capital.
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