OHMC2T - $2.6 Million Medicare and Medicaid Certified Home Health Agency in Columbus Ohio
Our firm is pleased to introduce a Medicare and Medicaid Certified Home Health Agency in Columbus Ohio. The company has been in business since 2004, and their services include Skilled Nursing, Home Health Aides, Physical Therapy, Occupational Therapy, and Speech Therapy. Their service area spans 14 counties throughout the Columbus area.
The company’s payer mix is 98% Medicaid/Passport and 2% Veterans Affairs. In 2018, gross revenues were $1,876,424 with an adjusted EBITDA of $323,695 (17.3%). In 2019, they grossed
$2,034,085 with an adjusted EBITDA of $404,777 (19.9%). In 2020, gross revenues were $2,125,679 with an adjusted EBITDA of $400,000 (19%). They are on track to gross over $2,600,000 by year end 2021 with a profit margin of 20%. Their current patient census is 67 patients, with 1-3 new referrals per month.
The staff is expected to stay on under new ownership, and the seller will accommodate a short transitional period.
The asking price for this opportunity is $2 million.
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