Description

Medicare certified home health agency for sale focusing on medicare patients in need of skilled services. Established in 2006 by current owner who is retiring for health reasons. Huge runway for growth if new owner wants to penetrate new market areas. Outstanding reputation in the industry with highest ratings in patient care and impeccable compliance reviews from AHCA. Highly trained staff includes a Direct of Nursing, RN case manager, records/scheduling person, billing manager, and two marketers. Company uses 50 caregivers (comprising 35 RNs/LPNs and 15 home health aides) in the field as well as staffing agencies (for Physical Therapy and Occupational Therapy) to see mostly medicare patients (95% of business is medicare) in patient's home or in Assisted Living Facilities. Over 20 ALFs use the company's health care services on an exclusive basis. Because about 80% of the company's business is tied to ALFs, the company avoids the seasonality associated with most other health care providers in South Florida. Over a dozen physicians and nursing homes also refer the company patients in need of skilled services or companion care. Approximately 40% of the business is for PT/OT and the balance a mix of nursing services requiring RNs or LPNs, as well as some homecare services requiring Home Health Aides. Asking price of $2.25M. Strong financials show 2015 sales of $2,261,985 and 2015 Owner Benefit of $505,118. Over 100 patients in current census and growing. Company located in deluxe 3,000 sq space with fully furnished offices. Non-disclosure form is required.

Posted Aug 5, 2016

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