American Healthcare Capital is pleased to introduce a Mental Health agency for sale in Chicago, Illinois. The company has been in business since 2010 providing in-home mental health counseling services to the Senior population in the Metropolitan Chicagoland area, including Cook, Lake, McHenry, DuPage, Kane, and Will counties as well as the Rockford and Joliet areas. Their services include counseling for a variety of mental health issues, including depression, anxiety, grief and loss, coping with illness, emotional trauma, PTSD, isolation, and much more.
The company’s payer mix is 67% Medicare, 20% Supplemental Insurance, 8% Medicaid Managed Care, and 5% Commercial Primary Insurance. In 2017, the company generated nearly $2 Million in revenue with a net profit of $405,921 (20.63%). Their referral sources include hospitals, physicians, home health agencies, care managers, insurance carriers, dialysis clinics, and caregiver agencies.
All employees are expected to stay on under new ownership. The owner is looking to stay on in a part time basis in order to pursue semi-retirement.
The asking price for this opportunity is $2 Million.