Medicare certified Home Health agency for sale in Cook County, Illinois, located south of Chicago. The company has been Medicare certified since 2010. They are highly regarded for their customer satisfaction, having received the Pinnacle Quality Insight 2016 Customer Experience Award in the categories of “Specific Care Issues” and “Recommended Agency to Others.” Their service area spans 4 counties in the surrounding area.
The Company’s payer mix consists of 97% Medicare and 3% private insurance. Gross revenues were in the $1 Million range in 2015 and 2016 with an adjusted EBITDA over 15%. The average daily census is 55 patients. The seller feels that growth could be achieved by hiring a marketer.
Staff is expected to stay on under new ownership. The owners are looking to retire however would be available to assist during a transitional period.
The asking price for this solid opportunity is $600,000.
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