Dec 10, 2018 — A professional private duty home care organization for sale in California. The company has been in business for nearly 20 years providing non-medical home care services, including personal care, meal preparation, transportation, respite care, companionship, care management services and much more. They are licensed by the Department of Social Services as a non-medical home care organization (HCO).
The company’s payer mix is 80% private pay, 12% LTC Insurance, 3% VA, 3% Facilities/Hospice, and 3% other. Gross revenues have been in the $9 million range for the last 3 years, with adjusted EBITDA margins in the 15% range. The company is in the top 5% nationally in industry financial performance but is approaching maximum revenue volumes within their current service area. They are seeking a buyer that can utilize their proprietary business model, significant infrastructure and a positive community reputation to expand geographically and scale the business.
There is also a full complement of administrative and field staff that will continue with the business. The asking price for this opportunity is $9.8 Million.
Additionally, a separate organization with a unique industry-related technology platform is also available for acquisition or investment as well, and more information regarding this opportunity can also be provided upon request.