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This private and locally owned home health care agency is 95% referral based and provides a variety of in-home care services like hygiene assistance, diet monitoring, housekeeping, errands, caring companionship, respite care, chronic and acute medical problems, post-surgical, and physical and speech therapy. Serving patients from pediatric to geriatric, this company is certified by the State of Iowa for Medicare and Medicaid and has a 5-star Medicare rating proving excellence from member satisfaction surveys, plans, and health care providers. With the current owner involved in 1% of the business operations and administrative work, the administrator handles the majority the operations. The company 28 qualified and trained personnel with a full-time business administrator, office manager, office assistant, and clinical manager, along with 2 full-time field nurses, 5 full-time home health aides, and 12 full-time W2 independent therapists. They also have a part-time care manager and field nurse with 3 part-time home health aides.
Serving 9 counties in Southeast Iowa, this company provides coverage for workman's comp claims and private pay and, for a client’s convenience, directly bill to their insurance company. They provide a safe, compassionate, innovative health care community that listens, learns, and responds collaboratively with patients, while maintaining a culture of care.
This business currently does not have active marketing, due to the already high capacity of patient care. A new owner could expand the service area and increase clientele with marketing and the hiring of more staff. There is also growth in the private sector. It is an area that is quite profitable when utilized correctly as there are no Medicare, CHAP, Medicaid rules and regulations to follow. This is for non-skilled services or contracted services. This deceases the overhead and workload for the nurses and office.
At the price of $260,000, a 10% down payment of $26,000 returns $47,439 in the first year after debt payments resulting in a 182% return on investment!
Service Area: 9 counties in Iowa: Henry, Johnson, Washington, Jefferson, Louisa, Muscatine, Des Moines, Lee, and Van Buren
Marketing to expand service area and increase clientele, private care
Up to 6 months
Purchase Price: $260,000
10% Buyer Down Payment $26,000
10% Seller Financing or Equity $26,000
80% Bank Loan $208,000
A 10% down payment of $26,000 returns $47,439 in the first year after debt payments!
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