$3.1 Million Medicare Certified Home Health and Behavioral Health Provider Located Near Salt Lake City, Utah
We are pleased to introduce a Medicare Certified Home Health and Behavioral Health provider located near Salt Lake City, Utah. They have been in business since 2010 and provide a variety of skilled care, non-skilled care, rehab, wound care, diabetic, and psychiatric services throughout Salt Lake City County and other neighboring counties.
The company has grown dramatically over the last few years. In 2013 they generated $1.5 Million in revenue and increased to just over $2.9 Million in 2014. For the Trailing Twelve Months ending March 2015, the company has produced over $3.1 Million in revenue with approximately $500,000 in adjusted EBITDA. Approximately 30% of 2015’s revenue came from Behavioral Health services.
They have a current patient census of 120 with 50-60 new admissions per month, which are supplied by a diverse referral base. Their payer breakdown is 60% Medicare, 30% Med Advantage, and 10% Medicaid. There is a full staff available to stay on with the new owner.
There is a huge opportunity for growth that can be achieved through organic expansion in both their Home Health and Behavioral programs. There is also opportunity to capitalize on the company’s excellent reputation and expand into Hospice in a steady market where current demand exists. The sellers would like to stay on and continue in their roles as President and Director of Sales if desired.
The asking price for this opportunity is $2.5 Million. If you would like to learn more, please contact us for a Confidentiality Agreement that will allow us to share more detailed information with you.