State:
Minnesota
Category:
Home Care & Home Health
Asking Price:
$350,000
Revenue:
$650,000
Company Overview
PRIME exits and American HealthCare Capital are pleased to exclusively introduce a Medicare and Medicaid-certified home health agency for sale in central Minnesota. This well-established agency has been in business for over 30 years providing skilled and non-skilled home care, homemaking, and PCA (Personal Care Assistance). They are licensed to serve the whole state, but they currently focus on a 4-county region.
Financial Overview
Similar to other small home health agencies, revenue trends were on a decline post-pandemic and have since stabilized. The company grossed nearly $650,000 in 2023, and they expect to have similar results in 2024. The seller feels there is room for growth in pursuing more Medicare skilled care patients, as they have mostly been focused on PCA (Medical Assistance) and VA business. Their current census is 18 VA and 8 PCA clients.
Staff Overview
The current staff is expected to stay on. While the seller is seeking retirement, they are open to staying on as a consultant as needed.
Asking Price
The asking price for this opportunity is $350,000.
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