Details - Information last confirmed on September 3, 2020

MIMC3H - $500,000 Medicare Certified Home Health Agency with the Ability to Service the Entire State of Michigan

Our firm is pleased to introduce a Medicare-certified home health agency in Michigan. The company has been in business for 11 years. They presently service the greater Detroit area, as well as the surrounding communities, but they are licensed to service the entire state of Michigan.

The company’s payer mix is 60% Medicare and 40% private insurance. The current census is 70-80 patients. Gross revenues for 2020 are estimated to be $501,000, increasing 25-percent since 2018. Adjusted EBITDA for 2020 is estimated to be $87,000, which is a two-year increase of 8-percent.

The staff is expected to remain, and the seller will assist with a transition, as necessary.

The asking price for this opportunity is $425,000.

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