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$7 Million Revenue, Multi-Location, Medicaid Home Care Agency in Texas

Listing Code:

TXPD2M

State:

Texas

Category:

Home Care & Home Health

Asking Price:

-

Revenue:

$7,000,000

TXPD2M
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.

The company’s payer mix consists of 30% State Medicaid and 70% Medicaid MCO. The company maintains MCO contracts with Molina (23%), Superior (14%), United Health Care (20%), and Wellpoint (13%). Region 11 (Harlingen) and Region 6 (Houston) account for approximately 53% and 47% of total gross revenues, respectively. The company’s rate enhancement level is 34. Their state reimbursement rate is $15.54, and their average MCO reimbursement rate is $15.96. Attendants earn on average $11.75 per hour. The company bills approximately 36,000 hours per month. Their current average census is 369 clients, and they serve no 24/7 patients.


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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Listing Code:

TXPD2M

Listing Title:

$7 Million Revenue, Multi-Location, Medicaid Home Care Agency in Texas

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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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