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$400,000 Revenue Licensed Home Care Services Agency (LHCSA) in Western New York

Listing Code:

NYPD1T

State:

New York

Category:

Home Care & Home Health

Asking Price:

$174,998

Revenue:

$400,000

NYPD1T
Company Overview American HealthCare Capital is pleased to exclusively represent a Licensed Home Care Services Agency (LHCSA) for sale in western New York. The company has been in business for over 40 years, and the owner is looking to retire. They are currently focused on providing nonskilled personal aide services, although they have historically provided Nursing, Home Health Aides, and Personal Care Aide services. Their service area spans from Buffalo down to the southwest corner of the state. Financial Overview The company accepts payment from Medicaid, Office for the Aging (OFA), Workers Compensation, Long Term Care Insurance, Private Insurance, Managed Care, Private Pay, and other sources. Their current payer mix is 92% Medicaid and 8% OFA, and their current census is 25 clients. They grossed $405,054 in 2022 and $398,868 in 2023. In 2024, recent rate increases are projected to increase the revenue to $480,000 and increase margins with no additional effort. Prior to the pandemic, they had larger patient volumes, but vaccine requirements from the Department of Health hindered their ability to hire staff. Now that these requirements have been lifted, there is an opportunity to hire and grow again. The seller feels this is a prime opportunity for a home care organization seeking to achieve economies of scale by expanding their geographic reach to western New York. Staff Overview The staff is expected to stay post-closing, and the seller will assist during a transitional period. Asking Price The asking price for this opportunity is $175,000.

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Listing Code:

NYPD1T

Listing Title:

$400,000 Revenue Licensed Home Care Services Agency (LHCSA) in Western New York

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Contact the Team

Jack Eskenazi American Healthcare Capital

Jack Eskenazi

President/Founder

American HealthCare Capital

Dr. Allen Nazeri DDS MBA.jpg

Dr. Allen Nazeri 

Managing Partner

PRIME exits

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