$1.7 Million Medicare and Medicaid Hospice based in CA


$1.7 Million Medicare and Medicaid Hospice based in CA
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Asking Price: $1,100,000

Cash Flow: N/A

Gross Revenue: $1,700,000



Inventory: N/A

Established: N/A

$1.7 Million Medicare and Medicaid Hospice based in CA

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Business Description

American HealthCare Capital is pleased to introduce a Medicare and Medicaid certified, Joint Commission accredited hospice agency for sale in Los Angeles County, California. The company is strategically located in the San Fernando Valley, which has a high concentration of geriatric patients and referral sources. They have been in business since 2004, and they are approved to service a 60 mile radius from their office.

The company’s payer mix is 80% Medicare, 5% MediCal (Medicaid), and 5% private insurance. The company has contracts with all major insurances, including LA Care, Blue Shield, Humana, United Health Care, and more. Gross revenues were nearly $1.7 Million in 207 with an adjusted EBITDA of over $217,000 (13%), and they anticipate doing about the same in 2018. Their census averages 20-30 patients with an average length of stay of 60 days. A new owner could grow the business by continuing to build on their excellent reputation and implementation of a renewed marketing effort.

The staff is expected to stay on, but the seller would like to retire. The asking price for this opportunity is $1.1 Million.

Detailed Information

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Irwin Frank

Business Listed By:
Irwin Frank

Irwin Frank

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