Thriving Florida-Based Home Care and Nurse Staffing Business with Proven Success
Multi-Licensed Home Care Provider of Quality Care with a solid reputation in Florida built over 25 years; Steady Stream of Revenue from In-Home Health Care and Supplemental Staffing; Consistent Growth and Financial Stability: 8.2M in revenue and 1.7M Adj. EBITDA
The Company is well-established with over 25 years of experience providing top-notch care to patients in both home and facility settings. Accepting most insurances with a diverse payor base, the Company generates income from both in-home healthcare & supplemental staffing, with home care accounting for 60% of total revenue and staffing making up the remaining 40%, on average. There is immense growth potential in the staffing segment with the right marketing strategies.
Purchase Considerations
- Revenue has consistently grown year over year, with a 17% increase in 2022 reaching a record-high of $8.14 million. The Company has achieved a solid 18% compound annual growth rate from 2019 to 2022, solidifying its upward trajectory.
- The Company has a solid reputation in the local market built from word-of-mouth and paid marketing efforts. The paid marketing can be leveraged further for future growth.
- Patients are sourced through referrals from doctors, social workers, healthcare facilities, and hospitals, with patient referral platforms such as NaviHealth and CarePort bringing in most of the new patients.
- While all patients pay through insurance or private pay, the Company is currently working on accepting traditional Medicare/Medicaid, which will increase its customer base and revenue.
- The Company employs 15 office staff and over 150 independent healthcare professional contractors, with a profit margin on services provided by contractors ranging from 20-25%. By prioritizing the recruitment of top-tier nurses and caregivers, the Company has built a highly skilled and profitable workforce.
Certain principals of Raincatcher are registered representatives offering securities and investment banking services through Britehorn Securities, a registered broker-dealer (member FINRA/SIPC). Britehorn Securities and Raincatcher are not affiliated entities.
Negotiable