Selling an Adult Foster Care Business
There are many different options for taking care of the elderly. Adult Foster Care can be an attractive option for people who want a home atmosphere instead of a large assisted living facility or nursing home.
Because of this, many investors want to own a foster care business. If you are considering selling your Adult Foster Care (AFC) business, you probably are wondering how to capitalize on this opportunity.
Business Brokers with Foster Care Business Experience
Synergy Business Brokers has been selling Eldercare businesses for more than 15 years. We can walk you through your options and discuss your goals. We'll want to learn more about your business, such as whether you provide AFC services and/or Group Adult Foster Care (GAFC). What types of clients do you focus on, and what services do your staff have skills in. Do you provide reimbursement for family members that provide AFC, or do you provide your own staff? What types of insurance do you take, and what growth opportunities do you have?
After we get some financial information from you, we can give you an idea of how much you can expect to get from the sale of your Adult Foster Care business.
Selling an Adult Foster Care Business
We have experience selling adult foster care businesses as well as group foster care companies. The good news is that we have a large number of buyers interested in acquiring an Adult Foster Care Business. These buyers include large public companies, private investment firms, wealthy doctors, hospitals, and well-financed companies in the Senior Care Industry that are growing through acquisition.
Different buyers are looking to acquire different types of AFC businesses. So we'll get the right knowledge on what you have to offer so that we can find the right potential buyers. This includes:
- The geography and types of clients that you service
- The skills of your staff:
- Whether you are mostly private pay or Medicaid
- Do you own the real estate where you provide services?
- Do you handle reimbursements for family members providing AFC?
- Do you provide skilled nursing?
- What are the contractual terms of your services?
- What is the size and profitability of your company?
When we have all of this information, we create marketing documents that we'll use to get potential buyers interested enough to sign confidentiality agreements so that we can provide them with more details. To protect your confidentiality, we don't provide your company's name or specific location until a buyer has signed the Non-Disclosure Agreement.
Mergers & Acquisition in the AFC Industry
There are many opportunities for M&A within the Senior Care Industry. Some AFC companies are growing by acquiring companies within their own geography and expanding by acquiring AFC businesses outside the areas they serve. In addition, Nursing Homes and Assist Living Centers acquire Adult Foster Care businesses to increase the number of options that they can provide to their clients as their needs change over time.
Because the AFC industry is growing, it is an attractive opportunity for private investors to acquire multiple firms and combine them to improve efficiencies and patient care. It is also an opportunity that doctors are interested in investing in. We'll work through all of your options and narrow down the buyers that are the most qualified and interested in what you have to offer.
Of course, we'll also work with you to get a buyer you are comfortable with to take care of your customers and staff. And you will be working with them to transition the business before you retire. This gives everyone more comfort that the business will be in good hands with the new owners. If you are interested in buying a health care business please view some of our senior care businesses for sale.
Contact Synergy Business Brokers
If you have questions about selling your Adult Foster Care Business or are ready to get started, please contact us for more information. Synergy Business Brokers sell profitable Adult Foster Care businesses with annual revenues between $700,000 and $70 million.