Licensed Home Care Services Agency (LHCSA) in mid-state New York that is for sale. The company has been in business for over 12 years. They service a 4 county area.
The company’s payer mix is 45% Private Pay, 33% Medicaid, 20% Worker’s Comp, and 2% Insurance. Gross revenues have been consistent in the $1 Million range with an above average adjusted EBITDA margin (20%), and the sellers have purposely limited their census to the low 30 range to maintain a manageable workload. They feel there is tremendous room for growth for a new owner with more business acumen and the financial wherewithal to fund expansion.
The sellers are looking to retire, but the rest of the staff is expected to remain under new ownership. The asking price for this opportunity is $800,000.
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