$45 Million Primary Home Care, Hospice, And Home Health Agency

Founded in 1996, the Company built a trusted brand name in Southern Texas by delivering value driven, high quality, and compassionate home care services to a total of 77 counties in the South Texas area. They held JCAHO accreditation, Medicaid and Medicare certifications, and managed a total of 8 locations in and around the Greater San Antonio area.

Late in 2020, the ownership team contacted Mike Moran about the state of the market and the possibility of a sale on a shortened timeline.

Client

$45 Million revenue agency with an adjusted EBITDA margin of 7%.
Average daily census of 2238 Primary Home Care patients, 69 Home Health patients, and 40 Hospice patients.
Family business with strong ties to the community as a trusted and reliable brand name.

Objective

Target a buyer with the capital and compassion to acquire and carry on the long-standing tradition.
Market the company as a platform given the size of the business and sell the company for multiple above market norms.
Help prepare our clients and the business for a Quality of Earnings administered by a National Accounting firm
Secure a limited transition period for the owner’s post acquisition.

Result

The company was sold for a premium of 8x adj. EBITDA despite a reduction incensus during due diligence.
The total timeline of transaction was completed in just over 6 months.
Our clients had minimal involvement from the day after the company was acquired.

“Our experience working with Mike was superior. His knowledge on the process of selling and managing a transaction was incredible. He handled us like family and demonstrated much empathy towards the emotional side of selling our family business. We feel extremely blessed to have had Mike on our team for this process.”

Tera and Marcus W.
Former Owners

Questions about the sale process or current multiples within your unique healthcare segment?