American HealthCare Capital is pleased to introduce a Private Duty Home Care agency located in Eastern Connecticut. This reputable company has been in business since 2006 providing non-skilled care services, such as assistance with ADLs, financial assistance, 24/7 caregiving, and much more.
They are licensed to service the entire state of Connecticut.
The company’s payer mix consists of 90% Private Pay, 8% LTC, and 2% Senior Resources. In 2014, the company generated approximately $873,000 in gross revenues and grew to approximately $1,063,704 Million in 2015 with an adjusted EBITDA of adjusted EBITDA of 18.13% ($192,863). In 2016, the company will generate close to $1.1 million in revenue and a comparable adjusted EBITDA (17%). Their current census is 27 patients and they are currently billing an average of 5650 hours per month. The seller feels there is tremendous growth opportunity for a dedicated new owner.
The staff is expected to stay on under new ownership. The seller is looking to focus on other endeavors but is willing to help during a short transitional period.
The asking price for this opportunity is $650,000.