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May 27, 2019 — Medicare certified home health agency for sale in the Dallas – Fort Worth area.
The company has been in business for over 10 years. They have a great reputation for quality of care, and they are licensed to serve 30 counties in the surrounding area.
The majority of the company’s revenue comes from hospice. Their payer mix is 82% Medicare, 19% Medicaid, and 1% private insurance. Gross revenues were in the $9.9 million range in 2017 and 2018. In 2019, they are on track to exceed $10 million based on the results from the first quarter. Adjusted EBITDA in 2018 was over $1.3 million (13.8%), and they anticipate similar margins in 2019. Their current census is 150 patients for hospice and 65 patients for home health. There is tremendous room for growth in their extensive service area.
The staff is expected to stay on and the sellers are willing to assist a new owner during a transitional period. The asking price for this opportunity is $9 million.
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