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Business for Sale Summary

Skilled Nursing Home Care Agency for sale in NY - 33046

Business Type: health/medical/dental practices,healthcare related services,adult homecare assisted living
Skilled Nursing Home Care Agency for sale in NY
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Financial Information (non-confidential)

General Information
Asking Price $6,500,000 Down Payment $6,500,000
Gross Revenues $9,817,009 Lease Remaining Register Free to View
Owner’s Cash Flow $1,505,077 Number of FT Employees Register Free to View

Financing

$6,500,000 Down and

Business Description

For existing Home Care Agency Owners Only: Licensed Medical skilled RN/LPN Home Care Service Agency (LHCSA) available for purchase. Licensed in the Bronx and Westchester Counties. This company provides private duty nursing by Registered Nurses (RNs) and LPNs. Provides Nursing Home Health Services, given at home and in facilities to medically fragile children (age birth to 23 years (77%) and adults including Ventilators, trachs, feeding tubes, developmental disabilities & complex medical conditions for recovering, disabled or chronically ill people. 33 RNs and 90 LPNs. All insurances including Medicaid, Medical Indemnity Fund, Fidelis, MVP, Care Centrix, School contracts, etc. 4 Westchester School Contracts. Cases referred by social workers from several hospitals and medical facilities including Montefiore and Westchester Medical Centers. Nurse retention rate is an unheard of 80-90%. 2020 (Covid) gross sales increased over prior year. Little active marketing to hospital discharge and social workers, etc. RNs work per diem re-assessing all patients every 6 months. 24-hour observations are provided to evaluate if extra hours are required. All Medicaid. Billing done in house; 8 office staff. Clean DOH audit in 2016. There has been tremendous growth in this field as the need for these services continues to grow. Company turns away cases. This license presents value to those who understand the industry. License allows expansion to unskilled care by Aides/PCA. Opportunity to expand nursing cases to other boroughs of NYC and other counties and expand services by providing unskilled aides, and specialized services by respiratory therapists (RTs), OTs and PTs, etc. Seller will retain their AR and any escrows held by their funding agencies/factors. Dept of Health not currently processing Change of Control applications. Buyers must be existing LHCSA owners and open to consulting and management agreements to close on the agency. Buyers must provide significant proof of liquid funds (At least $2 million) and the name of their LHCSA or healthcare organization for the sellers approval of the release of the name and location of their Home Care Agency and a call or meeting with the owner. No financials will be provided until after a meeting with the owner or in due diligence. Contact broker Joseph Stansky for more details.

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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.