How do I sell my home health care business?

How do I value my Homecare business?

Typically, homecare practices are valued at two to three times the seller’s discretionary earnings, but can also be valued at a higher multiple of earnings before interest, taxes and amortization (EBITA). Seller’s discretionary earnings are EBITA plus the salary and benefits of the owner.

How do I sell my home health care services?

5 Simple Ways to Improve Your Home Care Sales Technique

  1. Make It Personal. While the selling points for your home care services are important, it’s the personal touch, rather than the hard facts that will persuade new clients to choose your company. …
  2. Be Specific. …
  3. Talk about Losses. …
  4. Offer Them Something. …
  5. Give Yourself Time.

How much money does a home health care business make?

Home health care business income

The national average rate for at-home non-medical care is about $27, so you could make up to $50,000 per year or more – depending on how much you charge for your services.

How do you value a care business?

Valuation As a Multiple of EBITDA

Valuations fluctuate depending on the prevailing market. At the moment, a basic valuation of a single branch, well run domiciliary care operation seems to be around 3 – 3.5 x EBITDA (Earnings Before Interest, Depreciation and Amortisation).

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How do you value a hospice company?

The three most common valuation approaches, the income, market and cost approaches, can all be applied when valuing home health and hospice businesses.

Is a home care business profitable?

A new report lists home health care as one of the top five most profitable franchises in the U.S., even as the industry fights new Department of Labor rules calling for mandatory overtime and minimum wage requirements for home health employees.

How do I get clients for my group home?

In the same study, the top 5 Referral Sources* for Private Duty Home Care Agencies were:

  1. Clients/Families (existing & former)
  2. Hospital discharge planners.
  3. Other referral sources.
  4. Medicare Certified Agencies.
  5. Hospices.

How do I start my own home health agency?

Starting a Home Health Care Business? Follow These Steps:

  1. Step 1: Create a business plan. …
  2. Step 2: Register with the state. …
  3. Step 3: Obtain Medicare and Medicaid certifications. …
  4. Step 4: Hire a great staff. …
  5. Step 5: Get your clients. …
  6. Step 6: Have a solid financing plan for growth.