Home Health Care Agency $7.4M Revenue

Los Angeles County, CA

Home Health Care Agency $7.4M Revenue
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Asking Price: Get Financing: N/A

Cash Flow: $961,787

Gross Revenue: $7,399,521

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 2000

Home Health Care Agency $7.4M Revenue

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Business Description

The company receives between 50 and 80 referrals weekly.

This well-established home health care agency has provided intermitted and skilled health care services to patients for over twenty years. Since inception, the Company has maintained continuous revenue growth year over year and strong adjusted net profit margins. Over 86% of the company’s revenue is generated from contracts with HMOs and insurance companies. Medicare is just under 14% of revenue. The company receives between 50 and 80 weekly referrals. With an efficiently ran operation and experienced staff, the Company is well-positioned for immediate growth. The average monthly census runs 350 - 400.

Licenses and Certifications:
State of California Department of Public Health
Centers for Medicare and Medicaid Services (CMS)

Detailed Information

Real Estate:
Owned
Building SF:
2,000
Employees:
18
Facilities:
Total office space is approximately 2,000sq. ft. The Company utilizes 80% of the office space. Real estate can be acquired.
Competition:
The home healthcare sector is experiencing a highly fragmented growth period. Meeting licensing and certification requirements is a long and tedious process. Time is the greatest barrier to entry. State licensing requirements can take roughly two years. After obtaining required licensing, agencies that succeed have relationships with ongoing referral sources. This agency has long standing independent referral sources.
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 4 weeks of transitional support and training as a part of purchase.
Reason for Selling:
Retirement
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Ric Hepburn, CBI, CBB

Business Listed By:
Ric Hepburn

CitiusMA

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. 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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