Home Health Care Agency - Long Beach

Los Angeles County, CA

Seller Financing Available
Home Health Care Agency - Long Beach

Asking Price:$750,000

Cash Flow:N/A

Gross Revenue:$3,202,707

EBITDA:$345,497

FF&E:$15,000

Inventory:N/A

Rate/Sq. Ft.:$1.25

Established:2002

Home Health Care Agency - Long Beach

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Business Description

The agency is perfectly positioned for a synergistic buyer who can benefit from economies of scale. Since 2002 this home health care agency has provided intermittent and skilled health care services to patients in Los Angeles and Orange County. Over 90% of the company’s revenue is generated from contracts with HMOs and Insurance companies. Medicare is slightly 6% of revenue. Benefiting from approximately more than 200 monthly referrals, the agency has established itself as a reliable and trusted provider. The company has strong gross profits with opportunities for immediate growth. Average census runs 200 - 220. Zero deficiencies and clean surveys.

Licenses and Certifications:

State of California Department of Public Health

Centers for Medicare and Medicaid Services (CMS)

The Joint Commission Home Care Accreditation

Detailed Information

Real Estate:
Leased
Building Sq. Ft.:
2,165
Lease Expiration:
N/A
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Approximately 2,165 sq. ft. suite of offices. Rent is $2,717/month plus electricity. All of the business's furniture, fixtures, equipment, licenses and contracts will be included in the sale.
Competition:
The home healthcare sector is experiencing a highly fragmented growth period. Meeting licensing and certification requirement is a long and tedious process. Time is the greatest barrier to entry. To fulfill the State licensing requirements can take roughly two years. After obtaining required licensing, agencies that succeed need relationships with ongoing referral sources. This agency has secured long standing contracts with insurance companies and HMOs.
Growth & Expansion:
During the past five years, industry growth has been fostered by an aging US population, the prevalence of chronic disease, growing physician acceptance of home care, medical advancements and a movement toward cost-efficient treatment options from public and private payers. Demographics, developments in portable medical technologies, and patients' preference for in-home care are driving growth in home care services.
Support & Training:
Seller will provide 30 days of transitional support and training as a part of purchase.
Reason for Selling:
Dissolve partnership

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Ric Hepburn, CBI, CBB

Business Listed By:
Ric Hepburn, CBI, CBB

CitiusMA

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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