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Growing Accredited Group Adult Foster Care Business Massachusetts For Sale

Massachusetts, US
Asking Price:
$2,800,000
Sales Revenue:
$3,706,001
Cash Flow:
$639,490

This CARF-accredited Group Adult Foster Care (GAFC) business serves patients in their homes with a full suite of personal care, home support, and companionship services that help enable them to retain their independence and remain in their homes.

Caregivers have a daily schedule designed to meet the individual needs of each patient. They serve over 200 patients through over 125 W2 caregivers. The staff includes RNs, LPNs, and Certified Direct Care Aids and Case Managers. The majority of patients are in Worcester County with a few in eastern and western MA.

Payments come through Mass Health, CCA, Fallon, United and Tufts. Patient referrals come from existing happy customers, hospitals, insurance companies, and case managers. They achieved CARF accreditation in October 2023 which is good for 3 years and will transfer with the sale.

As people continue to live longer there is strong demand for support services that enable them to live at home. This business successfully addresses their needs and has grown accordingly. Demand for services will create continued opportunities for growth.

They are one of the fastest growing and largest GAFC businesses in MA.

Property Information

Real Estate:

Lease

Lease Terms:

The current lease is good through 2028.

Premises Details:

The leased space has several offices, storage for patient files, a large conference room for meetings and training, and a kitchen.

Size in square feet:
2,000

Business Operation

Reasons for selling:

Other opportunities

Employees:
140

Other Information

Support & training:

The sellers will be available to ensure a successful transition to the new owners.