Profitable Medicare Certified Illinois Home Health Agency

Cook County, IL

Profitable Medicare Certified Illinois Home Health Agency
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Asking Price: Get Financing: N/A

Cash Flow: $342,923

Gross Revenue: $2,050,546

EBITDA: $485,814

FF&E: $95,312

Inventory: N/A

Lease Rate: N/A /SF

Established: 2004

Profitable Medicare Certified Illinois Home Health Agency

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Business Description

In operation since 2004 this Medicare Certified agency is licensed to serve the Medicare, VA and certain third party insurance eligible populations in Cook, DuPage, Kendall, McHenry, Kankakee, Will, Dekalb, Kane and Lake counties. Excellent caregiver and referral base as well as key administrative employees and experienced home health marketers. Due to the current moratorium for Medicare home health certification this is the only way to enter or expand services to the state and this large market. Strong year over year growth of 20% along with solid historical profitability.

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Detailed Information

Real Estate:
Leased
Building SF:
2,400
Lease Expiration:
4/30/2019
Employees:
27
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Well located on near major interstate. Lease has 60 day termination clause so re-location is possible.
Competition:
Market has gone through recent regulatory mandates specific to Home Health that has resulted in reduced competition.
Growth & Expansion:
Expansion ta additional markets/counties is allowed.
Support & Training:
As needed
Reason for Selling:
Pursue other business interest
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(from currently available funds)
 
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David Keene

Business Listed By:
David Keene

United MedCare Capital

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