$6.3M Alabama Home Health Agency (Under LOI)

Agency holds CON (Certificate of Need) with deemed status and currently serves seven counties in west central Alabama. Strong administrative and caregiver employee base allowing for streamlined transition. Agency has focused on building a Medicare Advantage Census and all contracts are in place. Current census of 670 with the majority being Medicare eligible patients. Agency also participates with state Medicaid waiver programs which accounts for less than 2% of the total census. Adjusted EBITDA of $1.4M. Utilization of proprietary software developed specifically to enhance margins of the advantage plans is available to new owner under a non-exclusive license agreement. Location: Jefferson County, Alabama Year Established: 2007 Number of Employees: 61 Facilities: Operates from 5 locations with approval for six dropsites Market Outlook/ Competition: Typical for the industry