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Jul 12, 2018TXMC6P - $1.25 Million Medicaid Home Care Agency in Houston, Texas

Medicaid home care agency for sale in South Houston, Texas. The company has been in business for almost 10 years providing non-skilled home care services. Their service area covers a 4 county area.

The company’s payer mix is 90% Amerigroup and 10% Molina. Gross revenues for 2018 was $1.25 Million with an adjusted EBITDA of $104,274. They are on track to do the same in 2019 with a current census of 95 clients and 14 of them receiving respite care. The seller feels that by expanding the service area and increasing marketing efforts, a new owner could build on the company’s excellent reputation, particularly with the growing baby boomer population.

Key personnel are expected to stay on under new ownership, and the seller will accommodate a transitional period as needed.

The asking price for this opportunity is $325,000.

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