Health Care Provider (Government Funded Program)

Not Disclosed, WA

Asking Price: Annual Revenue:
$3,450,000 $2,500,000

Services: Medical, Dental

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RE: Health Care Provider (Government Funded Program) Broker: Bill Southwell
Owner Financing is Available!
The seller will finance a portion of the transaction for a qualified buyer.

Quick Facts

Asking Price: $3,450,000
Annual Revenue: $2,500,000
Net Profit: Not Disclosed
Cash Flow: $1,000,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 115135781
Broker Reference #: HCG2021

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Business Overview:

This business is a decade old home health care provider. The business focuses in a niche’ segment of the home health care industry that deals exclusively with providing support to individuals supported by a specific United States government federal program. The program was enacted to compensate current or former federal government employees who were diagnosed with an illness caused by exposure while employed in a specific industry. The program covers a broad scope of medical needs, including a comprehensive range of in-home healthcare services.

The business provides in-home medical services ranging from daily, weekly, monthly, and even 24/7 assistance, including skilled nursing, personal assistance, meal preparation, medication set-up and all levels of physical assessment necessary to provide treatment in the privacy and comfort of the patients own home. The company’s staff is distinguished from all competition by its commitment to providing sympathy, compassion, and empathy for all patients in need of medical assistance. The United States government does not channel or refer patients to any medical providers. The relevant program provides that the patients will maintain total discretion over the selection and continued use of any medical providers that they choose. All in-home medical treatment is prescribed by a treating physician. The program authorizes patients to receive various levels of care, that are rarely maximized by the business. The company currently operates at a level that ownership is comfortable managing. Significant growth potential exists for a party that wants to increase staff & infrastructure. When a patient is lost the business generally increases authorized care with other existing patients to insure revenue & profitability stability. When the business seeks a new patient, they generally network with hospice, physical therapists, and physicians who are the primary source of new patient referrals. Patient retention is often tied to the quality of care, continuity of familiar health care providers, and responsiveness to special needs.

The unique business model keeps the staff count limited by using contract health providers instead of hired employees. This approach allows the business to maintain consistent service for patients by always attempting to use the same care providers that have already built trust and confidence with any given patient. By limiting the medical staff to contract labor the business also enjoys optimum flexibility, focus and profitability.

The business rents a small office in a shared complex for administrative purposes only. The office rent is $1,000 per month operating on a year-to-year lease basis and is strategically located in close proximity to the potential customer base. Similar sites exist across the United States, if a buyer wishes to develop the company into a national provider of services.

The owner is a licensed RN who provides the administrative and clinical supervision for the business. She also plans, organizes, and directs the daily operations of the agency and staffs, schedules, and monitors all contract labor on a daily basis. The business hires two part time office employees earning $15 per hour and also supports a team of contract labor that includes the following: (7) RNs at $47-$50 per hour; (6) LPNs at $37 per hour; and (10) CNAs at $16 per hour. The Seller expects most contract labor to remain with the business post-closing.

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Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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