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Jul 29, 2019FLMC3K - $6 Million Medicare Certified Home Health Agency in Jacksonville, Florida (AHCA Region 4)

The company is Medicare Certified and ACHC accredited. They are a preferred provider for hospitals, MD offices, nursing homes and assisted living facilities. The company serves 5 counties in AHCA Region 4, including Baker, Clay, Duval, Nassau, and St. Johns Counties.

The company’s payer mix is 99% Medicare and 1% other. Gross revenues have been quickly rising with a growth rate of 32% over the past two years. They went from $4.1 million in 2016 to $4.3 million in 2017 to $5.4 million in 2018. The run rate for 2019 is $6 million with a projected EBITDA of $600,000, and their current average daily census is 335 patients. Growth is expected to continue, as the management team has been leveraging their existing relationships to expand their preferred provider status into other regions. All staff is expected to stay on under new ownership.

The asking price for this opportunity is $3 Million.

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