Hospice and Palliative Care agency for sale in the Phoenix, Arizona area. The company has been in business since 2013. They service all of Maricopa County, including the East and West Valleys.
The company’s business is 100% Medicare, but they are approved to accept Medicaid. Gross revenues have were nearly $3 Million in 2016, but they are currently on track to gross nearly $7 Million in 2017. Their adjusted EBITDA margin was around 15% in 2016, but they have made changes, including some cuts to the staff, to increase efficiencies, and they expect to see at least a 20% adjusted EBITDA in 2017. Their current hospice census is 80 patients and their palliative care census is over 10. They have a steady base of referrals that a new owner could build upon.
The staff is expected to stay on under new ownership, and the sellers will accommodate a transitional period as needed. The asking price for this opportunity is $7 Million.
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