Details - Information last confirmed on May 28, 2021
Listing ID # 33046
For existing Home Care Agency Owners Only: Licensed Medical skilled RN/LPN Home Care Service Agency (LHCSA) available for purchase. Licensed in the Bronx and Westchester Counties. This company provides private duty nursing by Registered Nurses (RNs) and LPNs. Provides Nursing Home Health Services, given at home and in facilities to medically fragile children (age birth to 23 years (77%) and adults including Ventilators, trachs, feeding tubes, developmental disabilities & complex medical conditions for recovering, disabled or chronically ill people. 33 RNs and 90 LPNs. All insurances including Medicaid, Medical Indemnity Fund, Fidelis, MVP, Care Centrix, School contracts, etc. 4 Westchester School Contracts. Cases referred by social workers from several hospitals and medical facilities including Montefiore and Westchester Medical Centers. Nurse retention rate is an unheard of 80-90%. 2020 (Covid) gross sales increased over prior year. Little active marketing to hospital discharge and social workers, etc. RNs work per diem re-assessing all patients every 6 months. 24-hour observations are provided to evaluate if extra hours are required. All Medicaid. Billing done in house; 8 office staff. Clean DOH audit in 2016. There has been tremendous growth in this field as the need for these services continues to grow. Company turns away cases. This license presents value to those who understand the industry. License allows expansion to unskilled care by Aides/PCA. Opportunity to expand nursing cases to other boroughs of NYC and other counties and expand services by providing unskilled aides, and specialized services by respiratory therapists (RTs), OTs and PTs, etc. Seller will retain their AR and any escrows held by their funding agencies/factors. Dept of Health not currently processing Change of Control applications. Buyers must be existing LHCSA owners and open to consulting and management agreements to close on the agency. Buyers must provide significant proof of liquid funds (At least $2 million) and the name of their LHCSA or healthcare organization for the sellers approval of the release of the name and location of their Home Care Agency and a call or meeting with the owner. No financials will be provided until after a meeting with the owner or in due diligence. Contact broker for more details.
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