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Adult Foster Care Services Business – Sold

Price: $4,200,000

Annual Revenue: $6,000,000

Net Cash Flow: $850,000

Industry: Health Care

Location: Norfolk County, Massachusetts

The company has been sold. Please view our other healthcare businesses for sale

This medical staffing services business has grown rapidly by providing exceptional care to clients in eastern Massachusetts for over ten years. They are licensed for Adult Foster Care (AFC), Group Adult Foster Care (GAFC), and have the Money Follows the Person (MFP) Waiver. The majority of their revenue comes from AFC, which are typically long-term care engagements. AFC has seen tremendous growth during Covid. They serve about 250 clients through their network of independent contractors and have an additional staff of 20, including 5 office staff. New case referrals come through nursing homes, hospitals, and word of mouth. Tremendous growth opportunities exist within each service offering.

If you are interested in selling an Adult Foster Care business in Massachusetts or anywhere in the US, please contact us. We have prospective buyers interested in purchasing additional AFC companies. 

Listing Details

Reason For Sale:

The seller wants to move towards retirement.

Training & Support:

The seller is willing to stay on to ensure a successful transition.

Operation

Employees: 20

Location

Square Footage: 2500

Facilities Information:

They are in a 2,500 sq ft leased space that includes offices, storage and 2 bathrooms.

Summary

Competition:

In the ten years since opening, they have grown steadily by providing exceptional care and earning the ongoing trust of their clients. They are well positioned within their market.

Potential Growth:

Terrific growth opportunities exist for AFC, GAFC, and MFP. Please inquire for further details.

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