Aug 8, 2019 — TXMC7F - $950,000 Medicare Certified Home Health Agency Serving the Greater San Antonio, Texas area
Medicare Certified Home Health Agency for sale in Texas. The company provides a variety of comprehensive Home Health services, including Skilled Nurses, Physical Therapists, Occupational Therapists, Speech-Language Therapy, Medical Social Workers, Wound Care, and Dementia & Alzheimer’s care. Their service area includes 7 counties surrounding the greater San Antonio region.
The company’s current payer mix is approximately 60% Medicare, 20% Commercial Insurance, 10% Medicare Advantage, and 10% VA. Over the past two years, the company has grown significantly in annual revenue. In 2017, the company grossed $586,701 and significantly increased in 2018 to $932,242 with an adjusted EBITDA of $118,864. In 2019, they are on pace to gross approximately $950,000 with an average census of 65. There is a strong referral base from local acute, post-acute and MD clinics. Over the past 6 months, their new patient admissions have increased by 20%, admitting on average 30 new patients per month.
The seller is willing to stay on for the right opportunity, and the rest of the staff is expected to stay on under new ownership.
The asking price for this opportunity is $675,000.
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