May 12, 2020 — TXMC6L - $740,000 Medicare Certified Home Health Agency in Northeast Texas
Medicare certified home health agency located in Northeast, Texas. The company has been Medicare certified since 2012 and they are CHAP accredited. Additionally, they are Licensed for Provider Assistance Services (PAS). Their service area spans a 60 mile radius from their office.
The company’s payer mix is 68% Medicare, 20% insurance, and 12% PAS, private pay, and Long-Term Care insurance. Gross revenues were $740,000 in 2018 with a Net Income of $141,000. Their current census is 45 patients. The area is experiencing explosive population growth due to new businesses moving into the area bringing families as well as baby boomers retiring in the community. Referrals come from Assisted Living Facilities, Independent Living Facilities, Group Homes, Hospitals, Doctors’ offices and contracts with the state.
The current owners are looking forward to retiring and will assist during a transitional period.
The asking price for this opportunity is $575,000.
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