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$14 Million Regional Medical Staffing and Private Duty Home Care Agency in Multiple States in the US
Our firm is pleased to introduce a Regional Medical Staffing and Private Duty Home Care Agency for sale in the United States. This well-established company has 4 locations in Western States, allowing them to serve a broad area. Private Duty services are provided in the home and in facility and include skilled and non-skilled care, high-tech infusion, wound care/vac, and sitters in facilities. Staffing services include per diem, 4 –13 week contracts, temp to perm, and permanent placement.
As a whole, the company’s business mix is 74% staffing and 26% private duty home care/private duty in facility. Gross revenues were $11.8 million in 2019 with an adjusted EBITDA of $1.83 million and grew to over $14 million in 2020 with an adjusted EBITDA of $2.3 million.
The private duty home care/in facility business is 100% private pay. The company does not participate in Medicare or Medicaid reimbursed programs. They served 215 patients in 2019 and 156 patients in 2020. The referral base consists of Trust Officers, Estate Planners, Social Services at facilities, Case Managers, Third Party Administrators, Infusion Providers and Patient Referrals.
The medical staffing business has more than 350 contracts with facilities, including hospitals, rehab centers, nursing homes, clinics, surgical centers, hospices, home health agencies, industrial companies, assisted living facilities, and mental health centers. They are currently billing over 8,000 hours per week.
Additionally, the company owns proprietary software they use for scheduling, payroll, and billing for both the Medical Staffing and Private Duty Home Care businesses. This software is included in the sale.
The asking price for this opportunity is $13 million.
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.