Description
Hospice Business for Sale - Los Angeles, CA - $2,200,000.00
This established and accredited hospice agency in Los Angeles County presents a compelling opportunity for qualified buyers seeking entry into the lucrative end-of-life care market. The business is a California Subchapter S Corporation and has been accredited by ACHC, with its most recent accreditation valid from March 2024 to March 2027. The state licensing is currently expiring on February 21, 2027. The agency has a current patient census of 40 - 50 and maintains a strong foundation for continued operations with an experienced team that is willing to stay post-sale. *
The seller will not entertain SBA 7(a) loans or any seller financing options and prefers an all-cash offer. However, all reasonable offers will be considered. This hospice does not fall under the 36-month Medicare rule, which is a significant advantage for buyers looking to transition smoothly into ownership and begin operations without restrictions. *
The agency is equipped with Hospice MD as its EMR software, and the financials are in order, with taxes up to date and no outstanding liabilities. Past CAP repayment has been fully satisfied, and there are no current CAP liabilities. The business includes approximately $10,000 in furniture, fixtures, and equipment, along with an additional $5,000 in inventory value. No SBA Loan, Judgements or Liens.
This hospice agency operates a strong book of business, and a seller-provided non-compete, adding further value to the transaction. The buyer will have the option to relocate the business if desired. Additionally, all existing staff, including key employees, are expected to stay on board post-sale, ensuring continuity of operations and patient care. *
Seller Preferences: (1) Possess healthcare experience, particularly in operating a hospice or similar agency, (2) provide verifiable proof of funds for the transaction, and (3) have access to patient referral sources and a network of licensed healthcare professionals.
Seller Recommendations: (1) Buyer should possess the capability to generate patient referrals, (2) Buyer should have access to the necessary professional team members, (3) It is advised that the buyer engages a professional team (e.g., Medicare Consultant, Accountant, Attorney) to assist with due diligence and review processes.
Buyer Requirements: (1) All prospective buyers must sign a Non-Disclosure Agreement (NDA) and (2) Proof of Funds is required from all potential buyers.
Due Diligence: Any in-depth due diligence beyond the Confidential Information Memorandum (CIM) will require the Buyer to submit either a Letter of Intent (LOI) or a Purchase Agreement.
* Buyer to verify during due diligence
** A Third-Party CAP Analysis is recommended as part of the Buyer's Due Diligence
To get more information about this Hospice Care Agency - Established, Accredited business for sale in Reseda, California please contact Bina Jabbar at bina@velahospice.com