Aug 16, 2019 — TXHP2A - $2.6 Million Medicare and Medicaid Certified Hospice Agency in Southern Texas
Medicare and Medicaid certified hospice agency for sale in Southern Texas. The company has been in business for nearly a decade. Although services are primarily performed in the patient’s home, the company also has an in-patient facility. They service 11 counties in the surrounding area, allowing them to cover a large portion of the southern region of Texas.
The company’s payer mix ix 96% Medicare, 3% Medicaid, and 1% Insurance. Gross revenues were over $2.8 Million in 2016 and ended above $2.6 Million in 2017 with an adjusted EBITDA of more than $600,000. They are anticipating similar results in 2018, with a current average census of 45 patients. Their average length of stay is 45 days, and they have no issues with cap.
The staff is expected to stay on, and the sellers will assist during a transitional period.
The asking price for this opportunity is $1.95 Million.