Adults and children with disabilities and mental health needs receive 24/7 care. The company is over eight years old. Clients live in regular homes and take part in community life. The C Corporation holds the licenses and state contracts, which are hard to get. Company holds contracts and authorizations for Independent Supported Living (ISL), Children's Division services, transportation, personal assistants, foster homes, and higher-acuity clients (including a recent authorization to serve individuals where restraints may be appropriate), along with a licensed day habilitation facility, all of which are held by the C Corporation and stay with the company in a 100% stock sale.
Here is how the money works. About 70 to 75 percent of revenue comes from 24/7 care in leased homes. The rest comes from nursing, transportation, activities, and a new day program. The state is billed monthly by hours of care and pays in about two weeks. New clients come from a state list of thousands waiting for care. No ads are needed, and marketing runs under $200 a month. Demand is not the limit. Staffing is, so new clients are held to two or three a month to protect care.
Your role would be light. The seller spends about an hour a month reviewing reports, working on the company, not in it. A CEO, CFO, and COO lead over 150 staff, and many leaders have been there since day one. They handle surveys, audits, and state contacts.
A healthcare-minded owner or investment group with recruiting and back-office support fits best. No personal healthcare license is needed. You can learn billing and intake on the job. The seller is selling because his larger healthcare companies now need his full attention.
The seller will train the new owner, and the staff is willing to stay.
For financials and photos, request more information using the form on this page. An NDA will be emailed to you.
