Nov 14, 2019 — MIMC3N - $1 Million Medicare Certified Home Health Care Agency in Western Michigan
Medicare certified Home Health agency that is dedicated to providing a wide range of quality services including Home Nursing Care, Home Health Aide, Physical Therapy, Occupational Therapy, Speech Therapy and Medical Social Work Services. The company was Medicare certified and Joint Commission accredited as of 2006. They service West and Central Michigan.
The company’s payer mix is 100% Medicare (80% traditional 20% Advantage Plans). Over the past three years, the company has remained consistent in annual revenue in the $1.1 million range and has been profitable. In 2019, they are on pace to see a slight decline to the $1 million range. Their current census is 35 patients, but they are actively working to increase business back to previous levels.
The asking price for this opportunity is $350,000. The seller is willing to stay with the company for the right opportunity.