$3.7 Million Medicare Certified Hospice and Home Health Agency located in Northern Utah
American HealthCare Capital is pleased to present a Medicare certified Hospice and Home Health provider for sale located in Northern Utah. The company has been in business for over 15 years and provides Hospice and Home Health services, including but not limited to Skilled Nursing, Wound Care, Catheter Care, Post-Surgical Care, and assistance with ADLs, as well as Physical, Occupational, and Speech Therapy. There is also a small private duty component to their business.
The company’s revenue by service type is 89% Hospice, 10% Home Health, and 1% Private Duty Services. Their Hospice operation has a payor mix of 100% Cigna (Medicare), and their Home Health operation has a payor mix of 67% Cigna (Medicare), 19% Molina, 6% Medicaid, 4% Blue Cross Blue Shield, 2% Aetna, and 2% Healthy U.
In 2018, the company generated $2.7 million in gross revenue with an adjusted EBITDA of $350,899 (13.01%). In 2019, they experienced significant growth, generating a total of approximately $3.7 million in revenue with an adjusted EBITDA of $933,649.23 (25.19%). Their current census is 51 Hospice patients, 31 Private Duty patients, and 20 Home Health patients with an ALOS of 105 days for their Hospice clients.
All employees are expected to remain within the operation, and the owner is willing to assist during a transition. The asking price for this opportunity is $3.75 million.