Florida: $2.3M Region 3 Medicare Certified Home Health Agency
This is a Medicare Certified Florida Home Health Care Agency that has been in operation since 2005 and serves clients in Region 3 which includes Alachua, Citrus, Columbia, Lake, Levy, Marion and Sumter counties. Current census of 117 that consist of traditional Medicare and Medicare Advantage/HMO. The Director of Nursing has been with the organization since inception and is available, along with other key staff and caregivers, for continued employment. Four Star Home Health Compare rating for both quality of patient care and patient satisfaction. This is one of the fastest growing Medicare eligible senior markets in the United States. Gross 2019 revenues of $2,265,086 with Seller Discretionary Earnings of $506K.
Georgia: $915K Home Care/Private Duty and Workers Compensation Agency
In operation over four decades, this agency provides services to the private pay and workers compensation market in Atlanta and the metropolitan area. Total unique clients on an annual basis averages just below 100 and per client revenue averages $9,500. Agency is approved to provide services to all counties of Georgia. Excellent caregiver and administrative staff are available for continued employment. Office space is available for continued lease or purchase. Well located near major interstate on north side of Atlanta. CONTRACT PENDING
Illinois: $2.2M Profitable Medicare Certified Illinois Home Health Agency
In operation since 2004 this Medicare Certified agency is licensed to serve the Medicare eligible population in Cook, DuPage, Kendall, McHenry, Kankakee, Will, Dekalb, Kane and Lake counties. The agency has a strong history of annual revenue growth and profitability. Annualized 2018 Gross Revenue of $2,187,756 with sellers discretionary earnings of $587K. Excellent caregiver and referral base and well as key administrative employees and experienced home health marketers. Due to the current moratorium for Medicare home health certification this is the only way to enter or expand services to the state and this large market. CONTRACT PENDING
Louisiana: $835K Home Care Agency
This is a Multi location non-franchise home care agency serving the Medicaid eligible population in Region 1(New Orleans, Jefferson, St. Bernard, and Plaquemines) and Region 2 (St. John, St. Charles, St. James, Lafourche, Terrebonne, St. Mary, and Assumption). Gross 2018 revenue of $835,139 with seller discretionary earnings of $201,058. A moratorium continues for the issuance of new licenses to provide services through the various state Medicaid community waiver programs. Due to the moratorium there is a significant barrier to entry and as consolidation continues the number of competitors has decreased. This agency has two licenses; one in each location. CONTRACT PENDING
This non-franchised agency has been serving Anne Arundel and the other surrounding counties since 2004. Anne Arundel is one of the top twenty five wealthiest counties in the U.S and neighboring Howard county is ranked #2, which is a fantastic demographic for an agency of this type. They provide non-skilled services, primarily to seniors, including respite and interim care, Adult Daily Living (ADL) services (grooming, bathing, etc.) and companionship. Over eighty percent of the census is private pay/LTC insurance and they are also an approved provider for the Anne Arundel Department of Aging and Disabilities. Stable year over year revenues and profits with an experienced care giving and administrative staff to insure a smooth transition. CONTRACT PENDING
Massachusetts: $2.3M Home Health Care Agency
In operation since 2010 this agency is Medicare Certified and accredited by ACHC. They provide services to the Medicare and Medicaid eligible population in the areas they serve. Average census of 170 that consist or 13% Medicare and 87% Medicaid. Majority of services provided are skilled nursing visits for both payer sources and they are approved providers for the bulk (14 in total) of all the MCO’s that offer coverage in the state. The agency currently covers Hampden county but expansion throughout the entire state is possible.
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Massachusetts: $808K Private Pay Home Care Agency
This agency has been in operation since 1994 and serves the private pay market in Bristol and Plymouth counties. The agency is well known by the local residents, which provides excellent word of mouth referrals. In addition to the word of mouth referrals the agency has built strong relationships with many of the certified VNA’s and other home health agencies that also serve as a stable referral base. This is a turnkey opportunity with administrative and caregiving staff committed to stay on board if needed. Gross 2018 Revenues of $807,579 with Seller Discretionary Earnings of $78,596. CONTRACT PENDING
Nevada: $1.2M Home Health Care Agency
This agency has been in operation since 1995 and serves the Medicare eligible population in the Greater Las Vegas Market. In addition to traditional Medicare they are also approved providers for various Medicare Advantage and PPO plans including Triwest, Aetna, Blue Cross and United HealthCare. Nevada is the fastest growing state in the U.S. and 1 and 6 residents is 65 or older. It is anticipated that the area will continue to see a growing demographic of the Medicare eligible population for the foreseeable future. Majority of current census are Nursing vs Therapy in an effort to mitigate the PDGM impact. $1.1 M Gross revenues with $241K in seller Discretionary Earnings. Revenues for 2019 are trending just below 2018.
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North Carolina: $9.6M Pediatric/Adult Home Care and Private Duty Agency
The agency has been in operation since 2009 and serves the pediatric and adult Medicaid population from five locations throughout North Carolina with one location in South Carolina. In North Carolina they are licensed for Private Duty Nursing, CAP C for Adults and Pediatrics as well as PCS. In South Carolina they offer Private Duty Nursing and PCS services. Roughly 70% of revenue is derived from the pediatric waiver programs (CAP c and PDN) and over 90% of business is conducted in North Carolina. CONTRACT PENDING
Ohio: $5.9M Gross Revenue Home Health Agency
This Ohio based home health agency currently serves 38 counties in the Northern and Central area of the state. They are Joint Commission Accredited and provide services through Medicare and various state Medicaid waiver programs including the My Care Ohio plans managed by Aetna and Buckeye. Adjusted 2018 EBITDA of $1.03M with a history of sustained profitability and growing top line revenues. Agency is Joint Commission Accredited for both Medicare and Medicaid with clean surveys. Average census of the agency is 300 with 70% in the Medicaid waiver and My Ohio Plans and 30% Medicare. Approximately 150 +/- full time W-2 employees.
Oklahoma: $1.1M Gross Revenue Medicare and Medicaid HHA
This agency has been in operation since 2014 and serves the Medicare and Pediatric and Adult Medicaid eligible population in Central Oklahoma including Oklahoma City and the surrounding Metro areas. Bulk of Medicaid work is skilled nursing for pediatrics. Stable year over year revenue with EBIDA margin in excess of 25%. The agency limits PT/OT cases and based on a past data review they have been advised to expect a 15% increase in pay structure following implementation of PDGM. The owners are not active in the day to day operations and have a strong management and caregiving team in place that is expected to remain following a sale to insure a smooth transition.
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Texas: $2M Gross Revenue Medicare Certified Home Health Agencies
Two Medicare Certified Home Health Agencies serving an average census of 95 consisting of Medicare and Medicare Advantage patients. Certified to provide services in Regions 4, 5 & 6 which includes the Houston Metro Plex and surrounding counties. One agency has been in operation since the mid 1990’s and under current ownership since 2009 and the other agency has been under current ownership since 2017. All essential employees expected to remain on board under new ownership.
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