American Healthcare Capital is pleased to introduce a non-medical home care agency for sale in Southwest Michigan. The company has been in business since 2006, providing a variety of non-skilled services. Their service area spans over 4 counties in the surrounding area.
The company’s payer mix consists of 70% Medicaid Waiver, 20% Private Pay, and 10% other sources. Gross revenues have grown steadily, reaching $2,370,000 in 2016 with an adjusted EBITDA of $542,595 (23%). Ownership is confident there are continued growth opportunities within their current service area and referral sources, as well as through the opening of satellite offices.
The sellers are looking to focus on retirement, but are willing to assist during a short transitional period. The staff is available to stay on. The asking price for this opportunity is $2 Million.