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May 8, 2019 — Medicare/Medicaid Home Health and Hospice Agency for sale in Texas.
The company is JCAHO accredited and has a long history of business in the region. Their services include Respiratory, Occupational, and Speech Therapy, Skilled Nursing Services, Personal Care, and assistance with Activities of Daily Living (ADLs). In addition, they offer the full range of Hospice services, as well as individualized personal pediatric services for children suffering from a wide array of diseases and injuries including Cystic Fibrosis, severe Asthma, Pneumonia, Trauma, and more.
Their payer mix consists of 84% DADS (Primary Home Care), 15% Medicare (Home Health), and 1% Medicare (Hospice). In 2018, annual gross revenues were approximately $29.4 million with an adjusted EBITDA of $3.7 million (12.61%). In 2019, they are on track to generate approximately $29 million of revenue with an adjusted EBITDA of $4.35 million (15%). Their average daily census in 2018 was 1,750 Primary Home Care patients, 159 Home Health patients, and 9 Hospice patients.
All employees are expected to remain, and the sellers will assist during a transitional period. The asking price for this opportunity is $25 million.