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For Sale: Home Health - Profitable - Detroit, Michigan

$719,000.00

Asking Price

  • Address: Detroit,

  • Status: Active

  • Posting ID: 286004

  • 4/5/24

Detroit Home Health - Profitable Business For Sale

Description

Home Health Agency for Sale in Detroit, Michigan

Overview: This established home health agency, located in Detroit, Michigan, presents a lucrative opportunity for individuals or entities seeking entry or expansion in the home healthcare sector. Established in 2019, the agency is exempt from the 36-month rule, providing immediate operational continuity for prospective buyers. Medicare certified and accepting major insurance plans such as BCBS, HAP, and WellCare, the agency enjoys a diverse payer mix and consistent reimbursement streams. With a strong track record of profitability and a loyal staff willing to stay on board, this agency is poised for continued success and growth. The current referral sources include reputable insurance providers State Farm and AllState, further solidifying the agency's market position and revenue potential.

Key Features:
Established Agency: The agency has been operating since 2019, establishing a strong foothold in the Detroit home healthcare market.
Past 36-Month Rule: Exempt from the 36-month rule, the agency offers immediate operational continuity for prospective buyers, eliminating regulatory hurdles.
Medicare Certified: Being Medicare certified ensures eligibility for reimbursement and access to a broad patient base.
Acceptance of Major Insurance Plans: The agency accepts major insurance plans such as BCBS, HAP, and WellCare, ensuring a diverse payer mix and consistent revenue streams.
Reimbursement for Private Duty: Private duty services are reimbursed at 100%, enhancing revenue potential and profitability.
Loyal Staff: The existing staff is committed to staying on board post-acquisition, providing continuity and stability during the transition period.
Strong Financial Performance: The agency has demonstrated strong financial performance, with gross revenue of $1.4 million and profitability of $300,000 in 2023.
Reputable Referral Sources: Current referral sources include reputable insurance providers State Farm and AllState, indicating the agency's credibility and market reputation.

Asking Price: The agency is listed for sale at an asking price of $719,000, representing a compelling investment opportunity in the home healthcare sector.

Contact: For further inquiries and to discuss the sale, interested parties are encouraged to contact Jason at 586-623-5616, referencing the provided reference number: 18131305802. Healthcare-specific industry experience is required, and cash equivalent to the purchase price must be readily available for investment from currently available funds.

Note: Prospective buyers should ensure they possess healthcare-specific industry experience, and funds equivalent to the purchase price should be set aside for investment from currently available funds.

To get more information about this Home Health - Profitable business for sale in Detroit please phone Jason Atty at 586-623-5616 and 586-623-5616 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #286004 on BizBen.com. In addition to phoning Jason Atty, make sure you email Jason Atty above to get more info about this Home Health - Profitable, to ask any questions or request an appointment to see this business for sale. Thank you. Vallexa Advisors, LLC.

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Contact

  1. Name: Jason Atty
  2. phone iconPhone: 586-623-5616
  3. phone iconPhone: 586-623-5616

Details

  1. Asking Price: $719,000.00

  2. Down: Call/Email

  3. Cash Flow: Call/Email

  4. Revenue:    Call/Email

  1. Area: Detroit

  2. City: Detroit

  1. Attributes:


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