Our firm is pleased to present a Medicare certified Home Health provider located in the Greater Boston, Massachusetts area. The company has been Medicare certified since 2012 and is 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 (Aging Service Access Points), 32% Medicare, 21% Medicaid, and 2% private insurance. Gross revenues were nearly $1.2 million in 2014, and they were $3 Million in 2015 with an adjusted EBITDA of approximately $369,665 (12.3%). Growth is expected to continue in 2016, as they are currently on pace to reach $3.5 Million with an adjusted EBITDA closer to $700,000 (20%). 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 $2.6 Million.
If you would like to learn more, please contact us for a Confidentiality Agreement that will allow us to share more detailed information with you.
Asking Price $2,600,000
Profit Available On Request
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