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Hospice Care Agency With Current Patient Census
Location: United States -> California -> Ventura County
Industry: Health and Medical > Other Health and Medical




Business Summary

Unique opportunity to acquire an established hospice agency with existing referral relationships and patient census. This is a running business with excellent cash flow, not just a license. With a moratorium on new licenses granted in California, hospice businesses have built-in growth potential.

The business provides a specialized form of medical care that seeks to provide comfort and maintain a patient's quality of life (to the greatest extent possible) for those facing a life-limiting illness, disease or terminal condition.

The business provides a wide range of services: Physician, Nursing, Social Workers, Spiritual Care Counselors, Bereavement, Medical Equipment and Medication. Most of their patients are Medicare patients, and the company is reimbursed according to Medicare policies and reimbursement schedules. No Medicare Cap to carry over to new buyer.

With approximately 95% of revenue coming from Medicare, this hospice care business has been developed with care by the current owners. They have achieved rapid growth since inception by virtue of their having developed referral relationships which will be passed on to the new owner. All certifications and licenses are in place. Census ranged from 9 to 17 in 2020 and averages +/- 12.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $1,128,476
Cash Flow:   $446,827
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  2017
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  The owners want to ensure the smoothest possible transition, so they will include four full-time weeks of training in the purchase price and can be available for additional consultation as may be required by the buyer.
Reason For Selling:  Owners are going into consulting in the industry.




Print Listing Id: 700363206
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Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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