Medicaid Home Care Agency in Maine
For Sale in ME
Financial & Assets Details
About the Business
Business Description
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 86% Medicaid, 11% private pay and insurance, and 3% VA. Gross revenues have steadily increased in the last few years, exceeding $1.2 Million in 2016. They are currently on track to gross $1.3 Million with a 20% adjusted EBITDA margin. Recent legislation has resulted in a $2.08 increase in hourly reimbursement that is retroactive as of July 2016, which will have positive effects on both their top and bottom line. They currently have 96 active clients and bill 1,300-1,500 hours per week.
Market Competition:
I am pleased to introduce a Medicaid home care agency for sale in Maine. The company has been under current ownership for over a decade providing non skilled personal care services. They are the premier agency in their service area, and they are committed to supporting the elderly and disabled community to live independently at home. They service a 3 county area.
Location Details:
Maine
Support & Training
Key staff members are expected to stay on under new ownership, but the sellers would like to retire. The asking price for this opportunity is $900,000.
