Licensed Medicare_Medi-Cal Certified Home Health in LA
MedicalFor Sale in Los Angeles, CA
Financial & Assets Details
About the Business
Founded over 26 years ago, this business is a long-time Provider of high-quality, home-based medical care serving the greater Los Angeles and Orange County region. The business is a long-time vendor and contracted with LA County hospitals and medical centers. Over 15 Insurance contracts (HMO, PPO and IPAs) in addition to Medicare/MediCal, as well as contracts with LA County hospitals and clinics.
The Company has a dedicated team of medical and healthcare professionals that are knowledgeable and competent providing a variety of health care services to patients in the comfort of their homes, with specialty in Wound Management and IV Therapy.
The Business is accredited by The Joint Commission, the nation’s oldest and largest standard-setting and accrediting body in health care. By demonstrating compliance with The Joint Commission’s national standards for health care quality and safety, the business has earned The Joint Commission’s Gold Seal of Approval.
New owners can reasonably expect the business to continue to build its client base through organic growth as the service area’s population ages and more seniors opt to age in place. As the client base expands, so does the business’ word-of- mouth referrals. New owners can facilitate this growth through continuing the current face-to-face networking with key referral services and maintaining a strong presence in the community.
The Business offers the following services and amenities:
• Skilled Nursing/Observation & Assessment
• Coordination of all services needed
• Family members’ education
• RN team member regular visits
• Personal care visits by Certified Home Health Aides
• On-call nurse services, 24 hours, 7 days a week
• Medical equipment needs coordination
• Wound Care, Intravenous Infusion
• Catheter Care
• Post-Operative Care, Enteral Feeding
• Medications required
• Skilled Nursing Services
• Physical, Occupational, Speech Therapy Services
• Dietary and Nutritional counseling and guidance
• Medical Social Service
• Medical Supplies
• RN Telephone Advice
The current owner, with the help of 2 RN Case Managers, oversees the overall company operations and management decisions, supervises patient care delivery system, conducts client meetings and spearheads marketing and outreach programs. There is solid collaboration amongst the core home health team members on patient eligibility and admission to ensure proper treatments. Besides the owner and the two RN Case Managers, the office is staffed with an Office and HR Coordinator, Payroll and Accounting Staff, Medical Records Staff, and Clerical Staff.
The business operates in a professional office suite with 5 offices, Reception Area, conference room, and Kitchen/ Dining room. The business is located near Los Angeles, CA in the heart of town close to other medical practitioners, professional offices, shopping, and residential neighborhoods.
The home-care industry has exploded with the aging population. Today, with 10,000 Americans turning 65 every day, the demand for senior care is ever increasing. The US senior population currently sits at approximately 50 million and by 2030, it is expected to swell to 81 million (Source: US Census Bureau). An estimated 70 percent of people over 65 will require home-care services at some point in their lives.
The seller is selling to retire, but will assist during a transitional period. The caregivers and staff, all of whom are W2 employees, are available to work with a new owner.
Growth & Expansion
Reason for Selling: