American HealthCare Capital is pleased to present an I/DD Group Home and Foster Care company based in Kentucky that is for sale. The company has been in business since 2003 and provides Staffed Residences, Adult Foster Care, and Adult Day Training services to I/DD individuals. They operate 8 staffed residences with a total of 24 beds some of which are used for Foster Care. Adult Day Training services are provided out of their main office building.
The company’s business mix is 95% Medicaid and 5% Private Pay. In 2017 the company is expected to generate approximately $1.65 Million in revenue with an adjusted EBITDA of $264,000 (15%). The current staffed residence occupancy is 8 clients and 12 clients receive Adult Foster Care services in private homes including three homes formerly used for staffed residences.
Additionally, all residents receive Adult Day Training and the company receives 3-4 referrals per month.
There is a full complement of staff that is expected to stay on under new ownership. The current owners serve as the Program Director, who would like to retire and the Executive Director, who would consider staying employed with new ownership. The asking price for this opportunity is $1.1 million plus the office/day program facility which is valued at $500,000. The 8 group homes are not for sale.