Region 1 Home Health Agency License For Sale in Louisiana

Undisclosed Address, Gretna, LA 70056
Business Opportunity for Sale
Catylist Listing ID: 30786110
Property Subtypes: Health and Medical
Building Size (RSF): See Agent
Sale Price: $300,000
Name of Establishment: TLC Home Health
Year Business Established: 1993
Gross Revenue: $50,000 (Annual)
Cash Flow: $0 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Relocatable Business: Yes
Last Updated: 5/12/2022

Overview / Comments

Principle Business Advisors presents this Region 1 Home Health Agency For Sale in New Orleans, Louisiana. The license has clean provider numbers and the business has no outstanding debt. Region 1 includes New Orleans, Jefferson, St. Bernard, and Plaquemines parishes. Louisiana currently has a moratorium on Home Health licenses. Due to the moratorium, there is a significant barrier to entry, and as consolidation continues the number of competitors has decreased. This Home Health Agency is almost 30 years old. The owner has well-established referral sources for new patients and has had a census as high as 200 patients in years past. However, current management is not properly capitalized. They estimate they are turning away an average of ten patients a month. They are looking for an outright sale of the agency with a referral contract to pay them by patient referred or a management partner to pay them a percentage as the business is built up for later sale with a higher census. Current services include nursing care, physical therapy, occupational therapy, speech pathology, and much more. The owner is approaching retirement age and is looking to spend more time with family. They are open to some owner financing for a well-qualified buyer.

Come meet the owner, learn about this rewarding business, and make and before it's gone!

For more information, please contact the listing broker, Joel Duran, at (504) 313-1038.

Additional Details

Industry Segment: Other Health and Medical
Reason for Selling: The owner would like to spend more time with family.
Value of Inventory Included ($): $1,000
Value of Furniture, Fixtures, and Equipment ($): $10,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: The lease expires on 12/31/2022.
Employee/Labor Description: There are 2 part-time employees.
Mgmt/Training Support Description: The owner is willing to stay and work with a buyer for the right compensation. They are looking for an outright sale of the agency with a referral contract to pay them by patient referred or a management partner to pay them a percentage as the business is built up for later sale with a higher census.
Competition/Market Description: As companies have consolidated, they have also focused on providing specialized services. Medicare, Medicaid, other government third-party payers and contracted private insurance or commercial payers are popular in the industry. Medicaid reimbursements, the second-largest source of industry revenue, have also been subject to federal reductions. Home care providers have benefited from an aging population. The healthcare reform legislation has provided numerous benefits and drawbacks to home care. This high demand for staff is projected to increase nurses' and physical therapists' ability to command higher wages and benefits. Healthcare reform has expanded access to insurance for some patients, but many states have not expanded access to federal healthcare. A large portion of revenue for medical services provided by this industry comes from Medicare, Medicaid and private insurance. Increased competition has led to some consolidation among the smaller regional brands. Internal competition is increasing via recruiting skilled and qualified employees. As demand for services grows due to the increase in the senior target demographic, the number of enterprises is expected to grow. The franchise business model will continue to gain momentum, attracting entrants. Competition may drive down prices charged for non-medical services, pressuring profit margins. The number of adults older than 65 is expected to grow, accelerating industry growth.
Growth/Expansion Opportunities: Despite continued staffing challenges, home care is on the rise. Several emerging trends will define that ascent in the year ahead. Some of those trends will revolve around home care’s role in new care delivery models designed to treat higher-acuity patients. Others will have to do with shifts in the home care market itself and the broader U.S. economy, which is still recovering from the impact of the COVID-19 virus....Home Health Care News offers its top home care predictions for the coming 12 months below.
Seller Financing Description: The owner is willing to finance on a case-by-case basis.

Contact

Photograph of Listing Agent

Joel Duran

Principle Business Advisors Metairie, LA 70055
LACDB Member
© Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.