Private Duty Home Care Agency Serving Central Michigan

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 73% Area Agency on Aging (AAA), 16% Michigan Department of Human Services (DHS), 8% Private Pay, and 3% Private Insurance. Gross revenues are currently on track to reach $850,000 in 2017 with an adjusted EBITDA of at least $150,000. They bill an average of 4,500 hours per month. There is a steady base of referrals in place that a new owner could build upon.

Market Competition:

I am pleased to introduce a private duty home care agency for sale with multiple locations serving Central Michigan. The company has been in business for 19 years. Their services include companion care, home health aides, and skilled nursing (RN/LPN).

Location Details:

Central Michigan

Support & Training

The seller would like to focus on other business ventures. The asking price for this opportunity is $600,000.