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Apr 12, 2019 — Medicaid Home Care Agency for sale in Texas.
The company has been in business for nearly 8 years providing non-skilled home care services, including homemaking services and personal care. They have two locations, allowing them to serve a very broad area.
The company’s payer mix is 100% Medicaid and they have contracts with multiple MCOs. Gross revenues in 2017 were $9,121,508 and grew to $10,463,511 in 2018 with an adjusted EBITDA of $1,778,229. In 2019, they are expected to do $11.5 million with an adjusted EBITDA of over $2 million. Their current average census is just over 680 patients.
The majority of the staff are expected to stay on under new ownership, and the owners will assist during a transitional period. The asking price for this opportunity is $11 million.