Aug 17, 2019 — MIMC3H - $450,000 Medicare Certified Home Health Agency with the ability to Service the Entire State of Michigan
Medicare certified home health agency in Michigan. The company has been in business 11 years. They presently service the greater Detroit area, as well as the surrounding, upscale communities. They are licensed to service the entire state of Michigan
The company’s payer mix is 60% Medicare and 40% private insurance. Gross revenues were nearly $450,000 in 2018 and they are expected to be about the same in 2019. The current census is 70-80 patients. The seller believes growth could be achieved with increased marketing.
The staff is expected to remain, and the seller will accommodate a transitional period as needed.
The asking price is $375,000.