Home Care Service Agency in New York - 35905

Financing

$4,500,000 Down and None.

Business Description

Licensed Home Care Service Agency (LHCSA) and CDPAP Agency. This company is licensed in the Bronx, Brooklyn, Queens, Manhattan, Staten Island and Westchester Counties. They have 5 contracts including, Centers Plan, Center Light, SWH, Empire, Hamaspik and Medicaid. 390 current cases as on Feb 2024. 95% of cases are CDPAP. This company provides private duty nursing by Registered Nurses (RNs) and LPNs. They primary specialize in elder specific diseases and conditions. All insurances including Medicaid. Cases are referred by social workers from several hospitals and medical facilities. Approx. 517 care givers. Billing done in house; 8 office staff including 3 billing and payroll and 5 for intake, HR, and case management. DOH audit in 2021. 2023 Gross Revenue was $8,543,681.00 with an Owner's Benefit of $728,559.00 This business has seen sharp and consistent growth with projected gross sales of $18,000,000.00 for 2024. January 2024 revenue was $1,579,227.46. There has been tremendous growth in this field as the need for these services continues to grow. This license presents value to those who understand the industry. There is an opportunity to expand nursing cases and expand services by providing unskilled aides, and specialized services by respiratory therapists (RTs), OTs and PTs, etc. Buyers must be existing LHCSA owners and open to consulting and management agreements to close on the agency. Buyers must provide significant proof of liquid funds (At least $4.5 million) and the name of their LHCSA or healthcare organization for the sellers approval of the release of the name and location of their Home Care Agency and a call or meeting with the owner. No financials will be provided until after a meeting with the owner or in due diligence. All meetings must be made by appointment only! To learn more, please contact the broker Melvin Vaz at 631-909-1095.

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