American HealthCare Capital is pleased to introduce a Private Duty Home Care agency for sale in Northeast New Jersey. The company has been in business since 2013 and is Joint Commission Accredited. They service multiple counties throughout the area and their services include Light Personal Care, Medication Reminders, Alzheimer’s & Dementia Home Care, Hospice Home Care, and much more.
The company’s payer mix 80% Private Pay and 20% Long-Term Insurance. Gross revenues were just under $1.1 Million in 2017 with an adjusted EBITDA of $161,397.25 (14.88%). In 2018, the company is on pace to generate approximately $1.2 million in revenue with an adjusted EBITDA of approximately $204,000 (17%). The average census fluctuates between 20-25 clients, and they are billing approximately 2,600-3,800 hours per month. Growth could be achieved by building on their current base of referrals which include their website, previous clients, and geriatric managers.
The staff is expected to stay on under new ownership, and all caregivers are W-2 employees.
The owners are looking to sell in order to pursue other business endeavors but will help with a transition. The asking price for this opportunity is $750,000.