Summit Home Care

After 8 years in business, two founders approached MAHA to begin orchestrating the exit of their home health agency in order to pursue other business opportunities.

Home health agency focused on providing post-acute skilled services to the entire state of Delaware.

Client

  • ACHC accredited home health agency with multiple locations across Delaware.
  • Co-Founding CEO & CFO looking to transition out of their duties.
  • With an Orthopedic focus, the staff were predominantly physical therapists and registered nurses.

Objective

  • Find a strategic partner to purchase the assets of the business.
  • Ensure the acquiror is the right steward for the future of the practice and all its employees.
  • Required a minimal transitional period to focus their efforts on their investments outside of healthcare.

Result

  • Sold for over 1x revenue.

  • The transaction was consummated in exactly 5 months after engaging the acquirer (LHC Group).

  • Our clients were able to fully transition out of the operations after 1 month.

“As the co-owner of a home health agency, we thought it would nearly impossible to find an agent who dedicated his/her time to us as if we were a large corporation. These concerns were immediately alleviated from the moment we first spoke to Mike Moran. He treated us as if we were his only client, devoting immeasurable time and effort to our sale. Mike was an advocate for us from Day 1 and helped make a stressful process much smoother than expected. It is without question that I would recommend Mike Moran and M&A Healthcare Advisors to other agencies.”

Eric Reinhold, Co-Owner
Summit Home Care

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

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