After pausing the prior sale process to conduct a limited Quality of Earnings review and Cap analysis, Project Ted is being offered for acquisition once again. Project Ted is an ACHC accredited hospice provider with two locations in Southern California. The business was established in 2012 and has over 60 employees. The ADC for FY 2024 was 128.
From 2023 through December of 2024, approximately 87% of the revenue can be attributed to Medicare.
Financial Overview:
| 2022 | 2023 | 2024 | |
| Net Revenue | 12.4 | 10.8 | 10.5 |
| Gross Profit | 7.3 | 7.0 | 6.7 |
| Adj. EBITDA | 1.3 | 1.8 | 3.4 |
Ownership consists of two (2) owners who each hold 50% of the agency. One owner functions as the Administrator while the other has a reduced role in day-to-day operations. Ownership is collectively looking for a full exit to explore other opportunities. Both owners are available to assist in a transitionary period and all employees, including additional management, are expected to remain.
The reader agrees to the provisions set forth on those certain “Disclaimers” located at https:/www.finalis.com/disclaimers and the terms thereof are incorporated by reference as though fully set forth herein, and references therein to (i) “Company” means the entity in connection with this transaction (together with its affiliates, subsidiaries, successors and assigns), (ii) “Banker” means Andre Ulloa and (iii) “Bank” means M&A Healthcare Advisors. Securities are offered through Finalis Securities, LLC, member FINRA/SIPC. M&A Healthcare Advisors and Finalis Securities are separate, unaffiliated entities.