This is an opportunity to purchase an hospice agency in the City of Burbank (Los Angeles County). This agency was started 2011 and the agency is Joint Commission accredited. They have a positive standing with the Joint Commission and high rankings on the Hospice Compare website. There are no adverse billing issues and no other red flags with this agency it is a clean agency.
The average census fluctuates from 15-20 active patients and yes they do have managed care contracts to include LA Care. The agency is running on a positive cash flow and this agency is truly a turnkey operation keeping in mind that the current owner will introduce the buyer to his referral sources (upon completion of escrow) and that the new buyer needs to come to the table with his/her own referral sources and to an extent his/her own staff as well.
Currently, the agency is located in a business plaza in Burbank, second floor, with plenty of free parking.
Seller is open to short-term employment with the buyer to maintain consistency and assist the buyer with smooth transition.
The motivation for the sale is that the current owner is running another healthcare company and they are unable to focus or keep their attention on this business.
There are plenty of growth opportunities for strategic buyers and/or independent buyers.
Revenue - Call
Seller Finance is not available.
Please Note: The seller is responsible for proving the accuracy of any information provided to the buyer's satisfaction. The information contained in this document is provided solely by the seller. No representations or warranties are provided by us, its agents, representatives, or subsidiaries as to the accuracy, completeness or validity of such information. Interested parties are encouraged to seek the counsel of their accountant, attorney and/or other business advisors.