Dec 10, 2018 — A Medicare certified home health agency for sale in Michigan. The company has been Medicare certified since 2012 and was last surveyed in early 2018. The provide a full array of home health services. They are approved to serve the entire state of Michigan, but they focus on clients within a 60 mile radius from their office.
The company’s payer mix is 80% Medicare and 20% Blue Cross Blue Shield. Gross revenues have been in the $770,000 range since 2016 and are on track to be the same in 2018. Net profits have been minimal thus far, but the seller feels there is room for growth with additional marketing, which will boost both top and bottom line revenue. The current census is averages between 35-40 patients.
The seller would like to relocate but feels the remaining staff will stay on. The asking price for this opportunity is $350,000.