Full-service home care agency located in the Greater Boston, Massachusetts area. The company’s payers include ASAP (Aging Service Access Points), Medicare, and Medicaid. They have been Medicare certified since 2012, and they are CHAP accredited. Their service area is concentrated in and around the greater Boston area, the North and South Shore, and other surrounding areas.
The company’s payer mix is 45% ASAP, 32% Medicare, 21% Medicaid, and 2% private insurance. The company has shown steady growth, going from gross revenues of $1.2 Million in 2014, to $3 Million in 2015, to nearly $3.7 million in 2016 with an adjusted EBITDA of approximately $276,000 (7.4.%). In 2017, the company will continue its growth and is expected to generate $4.3 Million in gross revenues with an adjusted EBITDA of $575,000 (13%). Their current census is 394 patients (290 of which are ASAP patients), and they receive 30-45 new admissions per month.
All employees are expected to stay. The owner wants to pursue other business endeavors outside of healthcare but will assist during a transitional period as needed.
The asking price for this opportunity is $2 Million.
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