Aug 16, 2019 — TXMC3V - $2.1 Million Medicare and Medicaid Agency for Sale in Corpus Christi, Texas
Home health and provider services agency that is for sale in Corpus Christi, Texas. The company has established a great reputation for quality service. Services provided include skilled nursing, certified home health aides, certified nursing assistants, physical therapy, occupational therapy, and medical social services. They are licensed to cover 9 counties in the surrounding region.
As a whole, the business grossed over $2.1 Million in 2016 and is on track to do the same or better in 2017. The payer mix is approximately 42.7% Superior, 31.2% TX DADS, and 26.1% United Healthcare. At $1.7 Million, the majority of the revenue comes from provider services, and their current census is 131 patients. The home health business is on track to gross nearly $450,000 with a current census of 33 patients. The current owner feels that growth can be achieved by increasing marketing efforts.
The seller would like to focus on other, non-related business interests but would be willing to stay on for a transitional period. The rest of the key personnel are available to help grow the business with a new owner.
The asking price for this opportunity is $1.5 Million, and the owner is willing to sell the Provider Services and home health businesses separately if desired.
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