American Healthcare Capital is pleased to introduce a multi-contracted I/DD Foster Care, Respite Care, and Adoption Agency located in Arizona. The company was founded in 1998 and provides Recruitment, Licensing, Training, Ongoing Supervision, Adoptions, and Respite services to its foster families.
The company’s payor mix is 50% DES (Department of Economic Security) Division of Developmental Disabilities, 38% Tribal Community, and 12% DES/CPS. Gross Revenues were $6.7 Million in 2015 with an adjusted EBITDA of $560,900 (8.34%). In 2016, the company generated $7,416,672 in revenue with an adjusted EBITDA of $991,522 (13.37%). In January of 2017 the company billed over $680,000 and for the full year 2017, is expected to exceed $8.5 million in revenue with an adjusted EBITDA of approximately $1.3 million (15.3%).
The seller will assist during a transitional period and may consider a limited working arraignment under new ownership. The rest of the staff is expected to stay onboard. The asking price for the opportunity in $5 million.