How To Buy A Home Care Agency - 4 Key Steps
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- เผยแพร่เมื่อ 22 พ.ค. 2024
- looking to enter the home care industry? interested in expanding your existing business? Are you scared in starting your own healthcare business? Not sure about buying a home care agency? Welcome to Passive Workforce, a healthcare consulting firm specializing in home health care and staffing. In this video, I'll guide you through the process of buying a home care agency, sharing valuable insights and expert advice.
Discover the steps involved in acquiring an agency, the advantages it offers over starting from scratch, and how our firm can support you throughout the entire process.
From finding suitable targets and making formal offers to conducting due diligence and financing your acquisition, we'll provide a clear roadmap to help you succeed. Learn why acquiring an established agency can fast-track your growth, giving you an existing client base, trained staff, and proven operational systems.
At Passive Workforce, our dedicated team of experts is committed to helping you navigate the intricacies of home care acquisitions. With industry knowledge, mergers and acquisitions expertise, and a vast network of professionals, we'll be by your side every step of the way.
Subscribe to our channel for more valuable insights, strategies, and success stories in the lucrative healthcare industry. If you're ready to buy A home care agency or need assistance with nursing agency acquisitions, reach out to us today.
And if you're a private equity partner seeking investment opportunities in healthcare, I invite you to connect with me. Let's explore partnership possibilities to fuel growth and success.
Thank you for joining me today, and I look forward to connecting with you in the comments and our future videos.
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For inquiries - Email us at info@passiveworkforce.com
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I've been waiting for this video! I was hoping you would discuss valuations. I currently have an off market non skilled home care deal. Mom (care aid backround)/daughter owner retiring. Very hands on. After 6-12 month transition, only bookkeeper & scheduler left behind plus 90 care takers. I have no health care backround but plenty logisitics & managment. I offered 4.5X net profit (probably +2M) with no working capital & they now want a formal offer. Feels pricey given the slim managment team but agencys dont go cheap around here.
Hey, I posted a comment from my other account, but if you need assistance working through this deal, you can book a call to discuss.
When acquiring an agency how do you get around the licensing requirement for states that require them, can you bring on someone who is licensed or keep the owner in a minor equity position ?
Looking to acquire in NY, NJ or CT
There is a formal Change of ownership if you already own an license it would be a simple asset purchase and closure plan, if you are buying an agency as described you simply have to follow change of ownership process of the state.
Hey Karl! I hope you can help, I've reached out to a consultant company requesting help with my startup and instead was left more confused than before! My companies' mission is to empower and train families to become HHA's to provide care to their own family. Via the client's private insurance, we would pay the HHA (family caregiver). Would this still be considered a Home Care Agency? If not, would this mean I am still bound to obtain a AHCA license from my state? I'd assume so but have heard differing answers unfortunately. Thank you for any help!
Greetings, I recommend booking a call at www.passiveworkforce.com