Licensed Medicare Certified And JC Accredited HHA

Business Overview:

Home Health Care Agency serving Seniors in Ventura and North-West Los Angeles Counties.

The agency offers Home Health Care services including patients in their place of residence. With a mission to provide excellent care, enhance quality of life, ensure privacy and dignity, the agency delivers premium, prompt, and responsible health care services.

Prior to this establishment, the owners of the agency had served the local senior population since 1997, providing nonskilled and transportation services. The agency was established and licensed by CAPHD in 2010 to extend home health care services to patients in Ventura County. The agency received Medicare Certification and the Medicare provider number in 2015. The agency was accredited through 2023 by CHAP. In 2024, the accreditation was switched to The Joint Commission as a strategic decision to align the agency with hospital accreditation in an effort to improve the positioning.

The agency is committed to providing the best quality in-home healthcare. It provides several lines of services designed to help seniors remain at home and avoid or delay living in institutions. The professional staff provides recovery and rehabilitative services to ensure attaining optimal function following surgery, hospitalization, acute illness, or injury.

Key highlights of the Agency include:

• Licensed home health agency
• Medicare certified agency with Medicare billing privilege
• Gold Seal accredited agency by the Joint Commission
• Name recognition 30 years serving the local senior community
• Well-established among local healthcare providers
• Private insurance contracts
• Lead provider of home health service for largest IPA in Southern California
• Highly profitable due to lean administrative cost and high reimbursement
• Accomplished agency strictly based on word of mouth (no sales force)
• Fully staffed, and managed by a well-organized physician
• Steady growth up to $2 million in reimbursement in 2024
• Market share gain expected to increase significantly in 2025 and 2026.

The agency office is fully staffed with 3 office employees excluding the owners, 2 FT RNs, 2 PTs, 18 per-diem nursing staff, and 5 contracted therapy and social services companies. The agency is recognized as a community in delivering quality customer service and superior care, has an excellent reputation for serving clients.

The service market includes a number of 7 large local hospitals, 26 post-acute rehabilitation facilities, 250+ assisted living communities and RCFEs, 27 memory care centers, as well as 4 governments funded and directed programs through local Area Agency on Aging.

The Agency has several expansion opportunities:

• Expansion into Santa Barbara and Los Angeles Counties.
• Expansion into Palliative Home Health and Hospice Care.
• Expansion of internet marketing.
• Evaluating Option to Accept Managed Medicaid programs.
• Increase community presence with speaking engagements, community involvement alongside senior care providers and government fund Non-Profit Organizations.
• Establish expanded agreements with County Human Service Agency and Area Agency on Aging.
• Expand relationship with local hospitals.
• Utilization of all Press Releases generated by the home office.

The home-care industry has exploded with the aging population. Today, with 10,000 Americans turning 65 every day, the demand for senior care is ever increasing. The US senior population currently sits at approximately 50 million and by 2030, it is expected to swell to 81 million (Source: US Census Bureau). An estimated 70 percent of people over 65 will require home-care services at some point in their lives.

The seller is selling for scaling down business activities and plan retirement in near future. The CEO will assist during a transitional period. The DON will remain in place until replacement is secured. Other managers, office staff, and clinical staff which are W2 employees, are available to work with the new ownership. Contracted entities will remain in place.

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Property Features and Assets:

Office is owned by the principal owners of the agency. Real Estate is not included in this sale. The seller is open to negotiating sale of property under a separate deal.

Market Competition and Expansion:

Highly differentiated business, excellent growth.

Reason for Selling:

Additional Details:

Documents:

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