This well-established Home Healthcare business is currently servicing a limited number of patients primarily in Northwest and Northeast Houston. The business focuses primarily skilled nursing services. It has a fantastic reputation in the community for providing high quality in-home care, specializing particularly in the lucrative and high demand wound care business. The business is fully licensed, Medicare certified and holds a CLIA waiver. It accepts payments through Medicare, Medicaid, (Amerigroup, Molina) as well as commercial insurance through direct payer contracts with Blue Cross, United Health, Aetna, Humana, and Cigna. Many of these commercial insurance carriers are no longer offering contracts to new home health agencies in the Houston area; therefore, the contracts are an extremely valuable asset to any Buyer. At its peak, the business was treating hundreds of patients. However, at this time, the Seller has started to retire and currently is not taking new patients. Because the Seller has built a referral network in their services area which typically affords them between 6-8 patient referrals per day, a Buyer will be able to accept new patients on day one and expand in a responsible fashion.
- Asking Price:
- $350,000
- Sales Revenue:
- $391,385
- Cash Flow:
- $171,470
Business Operation
- Expansion Potential:
-
The Seller has built a referral network in their services area which typically affords them between 6-8 patient referrals per day. Therefore, a Buyer will easily be able to accept new patients on day one and expand quickly.
- Competition / Market:
-
This home healthcare business would be a good fit for any of the following:
- Buyer who is currently in the home health industry looking to expand into Texas;
- Buyer in the home health industry who is seeking access to lucrative commercial insurance contracts;
- Buyer who is new to home healthcare who wants a turnkey opportunity to grow an already established business with every pre-requisite for success already in place.
- Reasons for selling:
-
Seller Retirement
- Employees:
- 2
- Years established:
- 17
Other Information
- Support & training:
-
Number of Weeks Seller Will Offer Training: 2
- Home based:
- This business can be run from home.
- Relocatable:
- This business can be relocated.
