Project Description

State:
Michigan
Category:
Home Care & Home Health
Asking Price:
$4,000,000
Revenue:
$3,299,954
Listing Code:
MIPD1J

$3.3 Million Home Care Agency for Traumatic Brain Injury Patients in Michigan – MIPD1J

American HealthCare Capital is pleased to introduce a Home Care agency for automobile related traumatic brain injury patients for sale in Michigan. In addition to attendant care for TBI patients, the company provides senior and attendant care for patients aging in the home. The company has been in business since 2011 and their service area covers the entire state of Michigan.

The company’s payer mix consists of 90% Michigan No Fault Auto Insurance, 5% Workers Compensation and 5% Private Pay. Gross revenues in 2018 were $1,728,104 with an adjusted EBITDA of $564,277. In 2019, gross revenues were $3,299,954 with an adjusted EBITDA of $1,075,221. They are currently on track to gross $4 Million with an adjusted EBITDA margin of 30%.

The seller is looking to move on to other business venture, will consider staying on board for the right opportunity. They will be available to assist during a transitional period. All staff is expected to stay on under new ownership.

The asking price for this opportunity is $4 Million.

If you would like to learn more, please contact us for a Confidentiality Agreement that will allow us to share more detailed information with you.

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