American HealthCare Capital is pleased to offer a six year old Minnesota Medicaid Homecare agency. The company is a leading provider of professional home care services for seniors and the disabled in the Minneapolis/ St Paul area and beyond. Services include domestic duties (meal preparation, light housekeeping, laundry & linen changes, shopping & errands, driving to appointments, medication supervision) and personal care (personal grooming, incontinent care, bathing & dressing, ambulating assistance, wheelchair transfers and range of motion exercises).

Sales and revenues for 2008 were $1.8 Million and and nearly $3 Million in 2009. In 2010, they reached the $4 Million mark and the company remainsprofitable with 35% gross profit margins. This is after having a 2% raterollback, to $15.94, in 2009. W-2 employees are paid an average $10.50 an hour.

The seller recently initiated a private duty/ private pay program whereby they are charging a below market rate of $20.00 an hour for their services. The census is still fairly low, therefore making it difficult to arrive at a real determination as to its true potential. It is expected that this part of the business will grow for the new owner at an even greater rate than its Medicaid business once it reaches maturity in the marketplace.

The seller is asking $1,200,000 for the business opportunity and its upside potential. If you would like to learn more, please contact us for a confidentiality agreement that will allow us to share more information.