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Combined Hospice And Home Health In Los Angeles For Sale

Los Angeles, California, US
Asking Price:
$1,775,000
Sales Revenue:
$2,570,000
Cash Flow:
$500,000

Both Businesses are accredited by The Joint Commission, the nation’s oldest and largest standard-setting and accrediting body in health care. By demonstrating compliance with The Joint Commission’s national standards for health care quality and safety, the Business has earned The Joint Commission’s Gold Seal of Approval.

New owners can reasonably expect the businesses to continue to build their client base through organic growth as the service area’s population ages and more seniors opt to age in place. As the client base expands, so does their word-of- mouth referrals. New owners can facilitate this growth through continuing the current face-to-face networking with key referral services and maintaining a strong presence in the community.

Hospice

The business has No Medicare cap issues. Founded in 2007 this business is a Provider of high-quality, home-based end of life care serving the greater Los Angeles and Orange County region. The Company strives to make the remaining days of terminally ill patients as painless and comfortable as possible. The business has a dedicated team of medical and healthcare professionals that are knowledgeable and compassionate, understand the needs of patients and families experiencing terminal illness. The Business accepts most HMO, Medicare/Medi-Cal insurance plans as well as has numerous LA County contracts. # of Patients: 20-25.

Besides the Owner, the office is staffed with a Case Manager, Licensed Intake Nurse, Office Manager, QA Staff, Chaplain and Bereavement Staff, and Clerical Staff. Professional office suite with 9 offices, Reception Area, conference room, 2 storage rooms, Kitchen/ Dining room. The business is located in Lakewood, CA near other medical practitioners, professional offices, shopping and residential neighborhoods.

Home Health (HHA)

Founded over 26 years ago, this business is a long-time Provider of high-quality, home-based medical care serving the greater Los Angeles and Orange County region. The business is a long-time vendor and contracted with LA County hospitals and medical centers. Over 15 Insurance contracts (HMO, PPO and IPAs) in addition to Medicare/Medi-Cal, as well as contracts with LA County hospitals and clinics.

The Company has a dedicated team of medical and healthcare professionals that are knowledgeable and competent providing a variety of health care services to patients in the comfort of their homes, with specialty in Wound Management and IV Therapy.

The Business is accredited by The Joint Commission, the nation’s oldest and largest standard-setting and accrediting body in health care. By demonstrating compliance with The Joint Commission’s national standards for health care quality and safety, the business has earned The Joint Commission’s Gold Seal of Approval. # of Patients: 80-100.

Besides the Owner, the office is staffed with RN Case Managers, Office and HR Coordinator, Payroll and Accounting Staff, Medical Records Staff, and Clerical Staff. The business operates in a professional office suite with 5 offices, Reception Area, conference room, and Kitchen/ Dining room. The business is located near Los Angeles, CA in the heart of town close to other medical practitioners, professional offices, shopping, and residential neighborhoods.

The Businesses offer the following services and amenities:

Hospice

• Pain and symptom management
• Coordination of all services needed
• Family members’ education
• Medical care management under hospice physician’s direction
• Hospice team member regular visits
• Personal care visits by Certified Home Health Aides
• On-call nurse services, 24 hours, 7 days a week
• Medical equipment needs
• Hospice medications required
• Skilled Nursing Services
• Social Services
• Therapy Services
• Dietary and Nutritional counseling and guidance
• Spiritual/Bereavement counseling and guidance
• Volunteer Services
• Routine care
• Respite care
• Continuous care
• Short term General In-Patient care

Home Health

• Skilled Nursing/Observation & Assessment
• Coordination of all services needed
• Family members’ education
• RN team member regular visits
• Personal care visits by Certified Home Health Aides
• On-call nurse services, 24 hours, 7 days a week
• Medical equipment needs coordination
• Wound Care, Intravenous Infusion
• Catheter Care
• Post-Operative Care, Enteral Feeding
• Medications required
• Skilled Nursing Services
• Physical, Occupational, Speech Therapy Services
• Dietary and Nutritional counseling and guidance
• Medical Social Service
• Medical Supplies
• RN Telephone Advice

The current owner splits her time between the two companies, and with the help of competent Managers, oversees both Companies’ overall operations and management decisions, supervises patient care delivery system, conducts client meetings and spearheads marketing and outreach programs. There is solid collaboration amongst the core home health team members on patient eligibility and admission to ensure proper treatments

The service market includes a number of large hospitals, senior centers, assisted living communities, nursing homes, memory care and skilled nursing facilities. Seniors who are 65 years and older comprise the primary market for the Company, including the LA County Hospitals.

The home-care industry has exploded with the aging population. Today, with 10,000 Americans turning 65 every day, the demand for senior care is ever increasing. The US senior population currently sits at approximately 50 million and by 2030, it is expected to swell to 81 million (Source: US Census Bureau). An estimated 70 percent of people over 65 will require home-care services at some point in their lives.

The seller is selling for personal reasons but will assist during a transitional period. The caregivers and staff, all of whom are W2 employees, are available to work with a new owner.

Business Operation

Expansion Potential:

Excellent

Reasons for selling:

Retirement

Employees:
43
Years established:
1996

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