Apr 12, 2019 — ILMC2O - $1.7 Million Medicare Certified Home Health Agency North of Chicago, Illinois
Medicare certified home health agency for sale in Cook County, Illinois. The company has been Medicare certified since 2012. They service 5 counties in the surrounding area, allowing them to cover the Northeast Corner of the state.
The company’s payer mix is 90% Medicare, 5% Medicare Advantage, and 5% PPO insurance. They are also approved for Medicaid. Gross revenues were nearly $1.7 million in 2018 with an adjusted EBITDA of around $200,000, and they are currently on pace to do the same in 2019. Their current census averages around 80 patients, with a steady stream of referrals from nursing homes, hospitals, and doctors’ offices. The seller feels that growth could be achieved with a greater marketing effort.
The seller would like to move on, but the rest of the staff is expected to stay on under new ownership.
The asking price for this opportunity is $900,000.
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