Home Health Aid Medicaid

Business Summary

New Jersey State licensed accredited and Medicaid approved Home Care Agency providing quality care and assistance to elderly, disabled and patients recovering from illness or surgery. This agency which is located in Hudson County, New Jersey has available 40 home health aides and two internal employees in order to properly service its clients. The process to obtain state Medicaid approval is extremely difficult, takes a great deal of time and requires numerous applications. The business is actually two years young and is now rapidly developing its business income and growth. The owner has elected to retire from the industry due to her family obligations. The experienced staff of Registered Professional Nurses and Home Health Aides is able to assist clients with physical and emotional support in the convenience of their home. This company collaborates with a variety of healthcare professionals to ensure the highest quality of service including Physical Therapists, Physicians, Psychiatrists, Neurologists and their Home Health Aides assist patients with all basic services including physical exercises, light housekeeping and more. Their aides facilitate activities of daily living under the supervision of a Registered Professional Nurse and all caregivers are bonded and insured. An individual plan of care is designed for the patient by a New Jersey licensed Registered Professional Nurse (R.N.) based on medical assessment and patientttt?s need. The company accepts private payment, long-term insurance, most private insurances and Medicaid.The sale includes the required New Jersey State license, Medicaid approval, various computers, software for this industry, accounting software, training equipment and required furniture for various offices to conduct the daily operation, etc. The sale includes a new commercial lease which expires 2019/01/01 with a monthly rent of $1,500 and rent security of $1,500.

Financials


Asking Price Range:  

Gross Revenues:  

$799,000

Cash Flow:  

$63,000

Cash Flow Type:  EBITDA

Inventory:  25000 Inventory Only

Seller Financing:  Yes

About The Business


Year Established:  2011

Number of Employees:  35 – 49

Relocatable:  No

Franchise:  No

Current Real Estate:  Leased

Property:  Property For Lease

About The Sale


Management Training and Support:  The owner will remain after closing and supply a long term transitional period.
Reason For Selling:  The owner is retiring due to family obligations.

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Print Listing Id: 700226195
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Posted by: philco on