State:
Texas
Category:
Home Care & Home Health
Asking Price:
-
Revenue:
$7,000,000
Company Overview
PRIME exits and American Healthcare Capital are pleased to exclusively represent a Medicaid Home Care Agency for sale in Texas. Established in 1998, the company provides non-skilled home care services, including homemaking and personal care. They serve patients and maintain offices in Region 11 (Harlingen) and Region 6 (Houston).
Financial Overview
The company generated gross revenues of $7,125,704 in 2021 with a net profit of $34,49. In 2022, gross revenues were $7,125,704 with a net loss of $31,336. In 2023, gross revenues were $6,902,419 with an Adjusted EBITDA of $425,652 (6.17%). Gross revenues through 3/31/24 were $1,607,992, and they are projected to reach $7 million by the end of 2024.
Staff Overview
The current owners plan to retire but are available to assist during a reasonable transition period. Non-owner employees are expected to remain with the company post-sale.
Asking Price
The owners will consider competitive offers.
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