Medicaid Home Care Agency in Houston, Texas
For Sale in TX
Financial & Assets Details
About the Business
All Buyers - Individual(s) or Corporation(s)
Must Provide Resume(s), Proof of Net-Worth, and/or Revenues, Proof of Funds to make the Purchase, and Purchase Plan.
All Buyers are Introduced to the Seller based on the Buyer submission of Information. Approval Granted by the Seller, to the Buyer to Review the Offering Book in Detail.
It is expressed that American Healthcare Capital Does NOT Advise Sellers or Buyers to engage another party with no experience in the Healthcare Industry and/or other industry; and rejects potential sellers or buyers based on lack of industry knowledge a factor in qualification of any seller and/or buyer engagement.
QUALIFIES FOR SBA FINANCING INQUIRE
Growth & Expansion
The company’s payer mix is 40% DADS, 35% United Healthcare, 12% Amerigroup, 8% Molina, and 5% PCS. Gross revenues have been in the $2 Million range over the past few years, surpassing $2.3 Million in 2016 with an adjusted EBITDA of nearly $360,000. They are on track to do about the same in 2017 with a current census of 213 clients. The seller feels a new owner could build on the company’s excellent reputation, particularly with the growing baby boomer population.
I am pleased to introduce a Medicaid home care agency for sale in Houston, Texas. The company has been in business for 13 years providing non-skilled home care services. Their service area covers a 5 county area.
Support & Training
Key personnel are expected to stay on under new ownership, and the seller will accommodate a transitional period as needed. The asking price for this opportunity is $1.5 Million.