Aug 16, 2019 — CAHP1W - $1.22 Million Hospice Servicing Los Angeles County in California
Joint Commission accredited, Medicare certified hospice agency for sale in Southern California. The company has been in business for 11 years. They are licensed to cover a 40 mile radius from their home office in Los Angeles County.
The company’s business is 84% Medicare, 14% Insurance/Private pay and 1% MediCal (Medicaid). Gross revenues for 2018 are on track to be $1.22 Million with an adjusted EBITDA of $240,000. Their current average daily census is 30 patients, with an average length of stay of 97 days.
The seller would like to retire and would consider staying on for a short transition period. The staff is expected to stay on under new ownership. Management feels that a full time Marketing person would allow the company to significantly expand the market share.
The asking price for this opportunity is $1.2 Million.