Operating Legacy Hospice in Palmdale

Priced at $399,000. We have a business opportunity to acquire an accredited hospice agency in the City of Palmdale (Los Angeles County). What makes this agency unique? (1) it is past its 36-year rule mandate (42 CFR § 424.550); (2) it is past its 5-year licensing rule (AB 2673); (3) relatively low historical patient census; (4) no CAP issues**; (5) seller is an Registered Nurse who is an active owner and operator; (6) buyer can relocate the business as part of the sale; (7) seller will actively help with the transition; (8) FF&E in place; (9) active billing in place though past AR will remain with seller; (10) less hospice concentration in the Antelope Valley. *

This agency was started on September 7, 2011, and obtained its initial accreditation on September 17, 2014. It received its initial CDPH license on December 26, 2012. The CDPH license and accreditation is currently effective from 12/26/2022 to 12/25/2024 (accredited via CDPH). This California subchapter S corporation has one active owner and four non-active family owners. All the seller-owners agree to the sale of the agency. *

GSA. Los Angeles County, Kern County and San Bernardino County *

MOTIVATION. The motivation for the sale is that the active owner is looking at semi-retiring. The seller is willing to work with the buyer during the transition process on a short-term basis. *

SBA LOAN. The seller will NOT be entertaining any SBA 7(a) loans. *

PRICING. This agency is being priced at the current market rate and it is not based on SDE or EBITDA. *

SOFTWARE. https://www.healthcaresynergy.com/ *

SELLER PREFERS. (1) Buyer to have healthcare experience in operating a hospice and (2) Buyer to have the funds available to proceed with a transaction (proof of funds), (3) Buyer to have access to patient referral sources and to registered and licensed nurses. *

SELLER RECOMMENDS. (1) Buyer to have the ability to generate patient referrals, (2) Buyer to have the required professional team member(s), (3) a professional team member (i.e., Medicare Consultant, Accountant, Lawyer) to assist with the due diligence request/review. *

ALL potential buyers must: (1) Sign an NDA and (2) provide Proof of Funds. *

DISCLAIMER: The seller is responsible for proving the accuracy of any information provided to the buyer's satisfaction. Information contained in this document is provided solely by the seller. No representations or warranties are provided by Healthcare Biz Advisors (a professional advisory group), its agents, representatives, or subsidiaries as to the accuracy, completeness, or validity of such information. Interested parties are encouraged to seek counsel from their accountant, attorney, Medicare consultants, medical billers, medical coders, experienced clinicians and/or other business advisors.

*Buyer to verify during due diligence
** Recommend third party CAP Analysis