We have an exciting opportunity for you to acquire an established Joint Commission Home Health Agency in the Covina area (Los Angeles County). This agency was started in 2009 with the agency having had only one owner since its inception.
The motivation for the sale is that the seller has a separate business venture that is requiring more of his time. This agency is a healthy agency with a positive cash flow, a positive patient census and a positive name brand with all of its referral sources and its clients.
The office is currently situated in a 1000 square foot first-floor medical office building with a monthly rental agreement of $1,600. The lease is scheduled to end this upcoming May 2019, which is perfect for an incoming buyer who would like to relocate the agency to a new location.
Insofar as compliance and billing issues are concerned, this agency is clean. Their next Joint Commission survey is scheduled for June 2020 with the most recent survey being very successful.
The current census is averaging +/- 70 Medicare clients. This agency only works with Medicare. No managed care contracts.
This will be a cash transaction. The Seller is not willing to render a Seller Carryback.
Seller is open to short-term employment with the buyer to maintain consistency and assist the buyer with a smooth transition.
There are plenty of growth opportunities for strategic buyers and/or independent buyers.
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.