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A multidisciplinary Medicare-certified home health agency in business since 2006, serving northern California’s Bay Area/Silicon Valley/San Jose metro area. Comfort Hands Healthcare, Inc. provides in-home skilled nursing and health aid, home infusion services, wound care, rehabilitation, and social services. In addition to its Medicare license, the company has 10 highly-coveted, under-served insurance contracts, which include Kaiser, Stanford, Santa Clara Family Health Plan, and Sutter Health, among others. With a current average census of approximately 95 patients, they are consistently receiving incoming referrals from insurers, hospitals, SNFs, and physicians.
The company had gross revenues of $2,008,474 in calendar year 2021 with net operating income of $180,329 for the twelve months. Significantly, for the last six months of 2021 (July-December), the post-Covid rebound brought sales of $1,137,905, and net operating income of $191,569. Extrapolating this six-month period to a 12-month year results in annual sales of approximately $2.3million and annual net operating income of close to $400k. (Note: the company’s fiscal year is July-June for tax returns.)
The staff is expected to stay on, and the seller will accommodate a transitional period as needed. If preferred by the purchasers, the current owner is willing to stay on for at least a year in a management/advisory position.
The asking price for this business is $1,000,000, approximately 2.5X projected NOI, 50% of gross annual revenue. The purchaser may acquire the business operation out of the owning corporation or may purchase the entity itself, subject to discussion and negotiation.
For qualified prospective buyers, a detailed Confidential Information Memorandum with current financials is available.
Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made NO independent verification of the data contained herein. The Broker represents the Seller and does NOT represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of professionals prior to purchasing the Business.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.