Private Duty Home Care Agency Serving Washington D.C. and Maryland

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 68% Veteran’s Administration (DC), 12% private pay, 11% Medicaid (MD), 6% Veteran’s Administration (MD), and 3% other. Gross revenues were $2.1 Million in 2016 with an adjusted EBITDA of $380,000, and they are currently on track to gross $2.2 Million in 2017. Of that revenue, $90,000 came from mental health services in 2016, and they are expecting around $300,000 in 2017. Their current home care census is 110 clients, of whom none receive 24 hour care, and they bill approximately 6,700 hours per month. They have 40 mental health clients, and they expect that number to grow to 60 by the end of the year.

Market Competition:

I am pleased to introduce a private duty home care agency for sale in Maryland. The company has been in business for over 2 decades, providing professional and compassionate care for families seeking quality homecare for their loved ones. They are licensed, bonded and insured in the state of Maryland, and they are approved for Medicaid. In Washington D.C., they are only approved to provide VA services. Additionally, the company recently started a Psychiatric Rehab program that provides support to individuals with a mental health diagnosis. In 2016, it was responsible for only 4% of total revenue, and in 2017, they expect it to increase to 15%.

Location Details:

Serving Washington D.C. and Maryland

Support & Training

The staff is expected to remain under new ownership, and the seller will assist during a transitional period. The asking price for this opportunity is $1.6 Million. The seller is open to including the mental health business in the sale or keeping it and continuing to run it.