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Homecare Agency – Medical & Companion

Price: $5,500,000

Annual Revenue: $4,488,790

Net Cash Flow: $1,082,296

Industry: Health Care

Location: Central, Connecticut

Fully staffed Medical and Non-Medical care provider servicing the Connecticut marketplace. Office staff runs day-to-day operations and the owner is semi-absentee. The business is a JCAHO accredited organization and accepts Medicare, Medicaid, private insurances, etc. The company offers services provided by RN, LPN, Occupational, Physical and Speech, and Language Therapy, Social Workers, Home Aids, Personal Care Assistants, and Home Makers and Companions. As a full-service agency with a solid footprint in Central Connecticut and is positioned for growth at the present time. During the last 12 months, management has focused on developing staff to expand and grow the operation to exceed the $5m revenue target for 2021.

Staff: Current Staff consists of approximately 50 full-time and Per Diem Employees.

Growth/Expansion Opportunity: The new owner can expand the services offered geographically to cover more territory in Connecticut. The company has been focused on Medical Services and has not devoted the time and effort to expand the Non-Medical – Home Care portion of the business.

Facilities: The Primary office building (RE) is owned by the owner, and available for an additional $375,000, or a Long Term Lease is available. The owner would prefer to sell as a package deal.

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