American HealthCare Capital is pleased to introduce a Home Care Private Duty agency for sale in Montgomery County, Pennsylvania. The company has been operating since 2007. The agency services Montgomery, Delaware, and Philadelphia Counties.
The company’s payer mix is 100% Private Pay. Gross revenues were $1,407,595 in 2016 fiscal year with an adjusted EBITDA of $300,000. The 2017 Fiscal year Run Rate for Revenue is $1,500,000 (see attached sales forecast). The current average census is 35 Private Pay patients, of which five (5) receive 24-hour care.
They receive approximately four (4) new admissions per month, and their average hours billed per month is 5,500. Growth could be achieved by building on their current base of referrals that come from word of mouth, caregivers, local providers/facilities, and print and online marketing efforts.
The staff is expected to stay on under new ownership. The seller is looking to retire but is willing to help during a short transitional period.
The asking price for this opportunity is $1,150,000.