Description About This Posting: Home Health And Hospice Agency
If you have been in the market for a home health agency and or a hospice agency and you have the knowledge and the referral source(s) to create a positive cash flow, this is an opportunity that you need to know about. This sale is for a Joint Commission accredited home health agency AND a Joint Commission accredited hospice agency located near Glendale, California. The offices are strategically situated near each other in a newer industrial park location with plenty of parking. There are a few major freeway arteries that are within a few miles drive from the agency, allowing for an easy commute for you, your staff and for those ancillary providers that will be marketing and providing services to these two agencies. Both the home health agency and the hospice agency are currently under the same corporation with one owner.
By both of the agencies being under the same umbrella, you have certain advantages to include having intra-office communication by the nurses and other professional staff members. For example, if a patient is deemed a hospice patient, you would be able to transition the care much easier than two autonomous agencies. Also, since you have both agencies together, you are able to market to a wider pool of clients, meaning that referral sources now will view you as a one stop referral destination. The next benefit of having both agencies together is the fact that you can share resources such as DME Providers, Diagnostic Providers, Pharmacy Providers, and more.
Next, what is more appealing to me as the agent representing this sale is the fact that this agency is being sold with a plethora of HMO/PPO contracts that are NO LONGER taking contracts. For example, LA Care. Those of you who have experience in the home health and hospice marketplace know that having certain HMO/PPO contracts not only increases your revenue stream, but it also allows you to market to a non-Medicare market that oftentimes is being underserved. As an aside, these two agencies are now billing their HMO/PPOs electronically with a 2-3 week receivables cycle! And yes, both of these agencies are able to service and bill for Medicare clients.
Next, census. The hospice average daily census is at 15-20 patients and the home health average daily census is that 60-70 (Medicare only) not including the HMO/PPO clients. These two censuses are both creating a positive cash flow and the owner will definitely work with the new buyer in the transition. The seller as part of their goodwill will be introducing the new buyer to their referral sources.
Next, this agency is CLEAN! What does this mean? It means that you as a buyer will not be inheriting any liens, any judgements, any z-codes, any ADRs and no EDD issues. One thing that we would like to stress is that the home health agency recently went through their annual 5 chart ADR audit and all of the charts were processed as clean.
If this opportunity appeals to you, then it may be time to pull trigger and acquire these agencies to begin or to continue building your wealth. On this transaction, the seller will NOT entertain any type of financing! This is a cash based offer that will be done via an LOI and thereafter via an escrow office. All buyers will be asked to provide a recent POFs and to sign an NDA. No sensitive or confidential information will be given via any electronic means to include email, fax, text, copies and so forth. Serious buyers only.
Note: The Seller is working on spliting the two agencies to mitigate risk.
To get more information about this Home Health And Hospice Agency business for sale in
Glendale Area, LA County please phone Ralph Santos (Intermediary, Agent - BRE License #:02006120) at 818-731-7173 Cell and 888-736-2911 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #243780 on BizBen.com. In addition to phoning
Ralph Santos, make sure you email Ralph Santos above to get more info about this
Home Health And Hospice Agency, to ask any questions or request an appointment to see this
business for sale, franchise, or opportunity. Thank you.
Related Links And Information Regarding This Posting
Using my MBA and my perseverance I will make things happen! I provide business brokerage niche services specializing in the hospice and home health care agency industry in the Los Angeles County or Ventura County areas. For either buying or selling assistance please phone or email me today.
For over 25 years I have provided niche business purchase financial advisory and loan placement services with SBA and Non-SBA Loans, Retirement Plan Conversions, Private Investors, etc. Financing amounts available: $20K to $7MM. Call today to get pre-qualified or receive financing: 866-270-6278.
Willard Michlin, CPA #106752, offers buyers step by step training & assistance in doing Due Diligence Services when they are thinking of making an offer, or are in process of investigating a business purchase. He helps to determine the actual net profit even when there is cash. Call 805-428-2063.
New Century Escrow, Inc. is a fully licensed & bonded independent escrow company. Over 20 years combined experience in handling bulk escrow transactions. Multi-lingual staff that speaks your language, including Korean, Chinese, Vietnamese. Call Helen Yoo direct at 626-890-1151.
Mark has a broad range of small business purchase & sale experience from analyzing potential acquisition targets to successfully guiding buyers and sellers through the purchase & sale of small businesses. Mark can assist with contracts, negotiations, legal matters, etc. Reach Mark at 949-478-8393.
California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.
Related Articles, Events, Blog Posts, Discussions, Videos, Interviews
A buyer contacted me about financing (the purchase of) a home healthcare business and asked me about the future of this industry - I take on this question in a BizBen Discussion. Reach Peter Siegel, MBA (Business Purchase Financing Expert, ProBuy/ProSell Program Advisor at BizBen) at 866-270-6278.
Ralph Santos is a broker specialist in the health care sector specializing in the hospice & home health care agency industry in the LA County and Ventura County areas of Southern California. He'll cover all topics relating to buying and selling hospice care businesses in these FREE weekly webinars.
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Can a seller of a small business back out of an ongoing escrow? Probably, yes, it all depends how far along the escrow is, which will dictate how messy things will get for both owner & buyer. Joe Ranieri (Southern California Business Broker) gives his feedback with others on this BizBen Discussion.
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