Aug 26, 2019 — XYPD1D - $9 Million Home Care and Staffing Agency in the Midwest
Home care and staffing agency serving several Midwest states. This well-established company provides both skilled and non-skilled home care through private pay, Medicaid, and insurance. Additionally, they provide Medical Staffing services to healthcare facilities, supplying RNs, LPNs, CNAs, and CMTs as needed.
The company’s business is approximately 65% home care and 35% staffing. Total gross revenues have consistently been in the $9 million range. In 2019, they are on pace again to reach $9 million with an adjusted EBITDA over $1 million. The company contracts with over 60 facilities for staffing. Their current home care census averages around 90 clients. The seller feels there is tremendous opportunity for growth through implementation of a marketing campaign and expanding their geographic reach.
The sellers would like to retire but are open to staying on for a brief transitional period. The asking price for this opportunity is $6 million.