$2.8 Million Gross Revenue Ohio Home Health Agency

OH

$2.8 Million Gross Revenue Ohio Home Health Agency

Asking Price:N/A

Cash Flow:$482,000

Gross Revenue:$2,840,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Rate/Sq. Ft.:N/A

Established:2009

$2.8 Million Gross Revenue Ohio Home Health Agency

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Business Description

This Ohio based home health agency currently serves 38 counties in the Northern and Central area of the state. They provide services through Medicare and various state Medicaid waiver programs including Passport, DODD, and the My Care Ohio plans managed by Aetna and Buckeye. Adjusted EBITDA of $482K for trailing twelve months with a history of sustained profitability and growing top line revenues. Agency is Joint Commission Accredited for both Medicare and Medicaid with clean surveys. Average census of the agency is 230 with the bulk in the Medicaid waiver and My Care Ohio Plans. Approximately 127 full time W-2 employees.

Detailed Information

Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
N/A
Employees:
127
Facilities:
Operates from 3 separate locations.
Competition:
Typical competition that would be expected in the home health space.
Growth & Expansion:
Expansion continues as revenues and profits grow each year. Plans to increase the Medicare census are in place which once successfully implemented will have a positive impact on net profit margins.
Support & Training:
Current owners will stay on during a transition period as needed.
Reason for Selling:
Retirement

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David Keene

Business Listed By:
David Keene

United HealthCare Capital

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