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Established Home Care Agency Michigan - Medicaid
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Established in 2014, this well-established non-medical home care agency operates from three locations across Michigan and provides high-quality unskilled personal care services to approximately 105 active clients.
The business employs approximately 105 caregivers and staff and has built a strong reputation within its service areas. Revenue is highly recurring, with approximately 80% generated through Medicaid and 20% from private pay clients, creating a stable and predictable revenue base.
The company generates approximately $3.0 million in annual revenue with 30% profit margins, reflecting an efficient operating model and disciplined expense management.
The owner is seeking a stock sale and is committed to supporting a smooth transition.
The business employs approximately 105 caregivers and staff and has built a strong reputation within its service areas. Revenue is highly recurring, with approximately 80% generated through Medicaid and 20% from private pay clients, creating a stable and predictable revenue base.
The company generates approximately $3.0 million in annual revenue with 30% profit margins, reflecting an efficient operating model and disciplined expense management.
The owner is seeking a stock sale and is committed to supporting a smooth transition.
About the Business
- Years in Operation
- 12
- Employees
- 220 (120 Full-time, 100 Part-time)
- Currently Home Based
- Yes
- Facilities & Assets
- The Company operates from two established office locations throughout Michigan, providing a scalable platform for continued growth. Included in the sale are the business operations, client relationships, trained workforce, office furniture, equipment, computers, software, scheduling systems, and other operating assets necessary to continue operations.
- Market Outlook / Competition
- Demand for non-medical home care continues to grow as Michigan's aging population increasingly prefers to receive care at home. The Company has developed a strong reputation within its service area and benefits from recurring Medicaid reimbursement alongside a growing private pay client base. The fragmented home care industry continues to create attractive acquisition and expansion opportunities.
- Opportunities for Growth
- Significant opportunities exist to expand private pay services, increase referral relationships with hospitals and healthcare providers, recruit additional caregivers, expand geographically within Michigan, and pursue complementary service offerings. A strategic buyer could also realize operational synergies through integration with an existing platform.
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
About the Sale
- Seller Motivation
- Seller is looking to pursue other endeavors
- Transition Support
- The owner is committed to providing a reasonable transition period to ensure a seamless transfer of operations, client relationships, referral sources, and employee onboarding. Transition support will be customized to meet the buyer's needs.
Listing Info
- ID
- 2524796
- Listing Views
- 17
Listing ID: 2524796 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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