Details

Aug 4, 2018Medicaid/Passport Home Healthcare Agency for sale with multiple locations in Ohio.

The company has been in business for nearly 20 years, providing rehabilitation and general care services for the elderly. Their services include ADL’s (Activities of Daily Living), medication reminders, home keeping duties, in-home IV therapy, rehabilitation for stroke or hip and knee replacement, pain management, wound care treatment, and much more. There is also a small staffing component to the business which includes contracts with a local Prison System and a number of Nursing Homes.

The company’s payer mix is 42% Medicaid, 39% Medicare, 12% Private Pay, and 7% PASSPORT. In 2017, the company generated approximately $13.4 Million in gross revenue. In 2018, the company is track to generate approximately $12 Million in revenue with an adjusted EBITDA of $1.2 Million (10%). Their current census is over 1,000 patients.

All employees are expected to stay on under new ownership. The owner is looking to sell in order to focus on other business endeavors but would be willing to assist during a transitional period. The asking price for this opportunity is $6 million.

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