Private Duty Home Care Co With Cds Add - On
www.GlobalBX.com
Listing ID:
700371979
Listing Title:
Private Duty Home Care Co With Cds Add - On
Quick Link:
http://www.globalbx.com/listing.asp?bId=371979
Industry:
Health and Medical
Industry Segment:
Long-Term Care Facilities
Country:
United States
State / Province:
Missouri
Area
City:
Asking Price Range:
$500K - $1.0M
Gross Revenues:
$3,525,064
Cash Flow:
$477,210
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
2009
Number of Employees:
100 - 200
Business Description:
Well established and highly regarded senior home care provider with a CDS add-on in St Louis Metro area with long term proven track record of excellent returns for owners. Very stable management team, with over 120 employees, established clients, and regular referral sources. Contracts in place with the VA, Veteran's Home Care, and Medicaid HCBS and CDS. RN provides clinical oversight and marketing. Exceptional growth opportunity for motivated buyer. After over a decade, sellers are ready to retire. Business priced to sell.
Owners purchased two protected St Louis territories in 2009 and secured contracts to provide care for Medicaid and the Veterans Administration patients. In 2012, they purchased the other St Louis Synergy office and its two additional territories. In 2018, one owner bought out the other's interest in Synergy. In 2020, the other owner secured a Consumer Directed Services (CDS) license and started CDS Advocates. The two owners continue to work together operating the separate companies.
Seller is one of the larger home care providers in the market. There are many small home care providers in St Louis, but only a handful of true competitors, and head to head competition is rare..
With baby boomers coming of age, the growth prospects are excellent. Covid-19 has caused mistrust of nursing homes and assisted living communities driving increased interest in in-home care. Current owners are working part time, a new owner could invigorate growth. Consider satellite offices in Illinois, St Charles or Jefferson Counties. Actively market CDS business.
Suburban office building
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