May 12, 2020 — MIMC3L - $1.35 Million Medicare Home Health Provider in Michigan
Medicare certified home health provider in Southeast Michigan. The company has been in business since 2006. They have a sterling reputation serving a 3-county region.
The company’s payer mix is 85% Medicare and 15% insurance and private pay. Gross revenue for 2019 is $1.35 Million, with a net profit of $1.1 Million. The average census is 80 patients, and they receive 35-45 new admissions per month. The seller feels that business could be increased through additional marketing.
The asking price for this opportunity is $750,000.
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