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Oct 10, 2018 — $2 Million Medicaid and Medicare Certified, JCAHO Accredited Home Health Agency for sale in Northeast Ohio.
The company has been Medicare certified for over 5 years. They service 7 counties in the surrounding region.
The company’s payer mix is 70% Medicaid, including Passport and Waiver programs, 20% VA, and 10% Medicare. Gross revenues were over $2.3 Million in 2017 with an adjusted EBITDA of over $280,000, and they are on track to be in the same range in 2018. Their current total census is 152 clients. There are many opportunities for growth, including marketing to Medicare referrals, as they have focused on Medicaid clients thus far.
The staff is expected to stay on under new ownership, but the sellers are looking to retire. The asking price for this opportunity is $1 Million.