Full Service Home Health Agency with Stellar Reputation

Price: $21,500,000

Location: Palm Beach County

Listing ID: 47112

Listing Status: Sold


Well established 5 star rated full service Home Health Agency with stellar reputation, licensed in region 9 ((Palm Beach, Indian River, Martin, Okeechobee and St. Lucie counties) offering skilled and nonskilled services. Accredited by Joint Commission, Medicare Certified, enrolled in
Medicaid with provider agreements in place with most of the private insurance companies. Services provided: Home Health Aide, Homemaker, Medical Social Services, Nursing Care, Occupational Therapy, Physical Therapy, Respiratory Therapy, Speech Therapy. It is a well-diversified operation: services patients from pediatric to geriatric age groups, with accounts in long term care facilities (ALFs), non-skilled as well as private duty
and long-term care insurance clients. This diversification provides a better cash flow and increases security in case of unexpected regulatory changes
with one insurer such as Medicare. The company currently operates only In Palm Beach County, expanding to the remaining counties under the
existing license is additional growth opportunity. 5 star rating gives the agency not only an advantage in patient referrals, but also allows it to receive some hospital referrals that are reserved only to 5-star agencies. The agency has negotiated the rates in late 2022, which made a significant positive impact on the profitability of the company in 2023.


Total Sales: $20,669,434

Cash Flow: $4,632,726

FFE: $45,000

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Lilia Berezkina