Relocatable Operating Hospice in LA County
Priced at $425,000, this Northridge operating hospice with a low census and no billing issues is being sold due to the seller having personal issues. Great Opportunity!
Northridge, CA
For Sale: Accredited Hospice Agency in Los Angeles County ($425,000)
We are pleased to present a well-established and accredited California Hospice business for sale, located in Northridge (Los Angeles County). This is a great opportunity for an experienced operator looking to enter or expand in the hospice market.*
Key Details:
Monthly Lease Payment: $1,200*
Office Space: Approximately 900 square feet*
1. Includes 1 conference room, 1 private office, and 1 reception area*
2. Free parking for staff and visitors in a well-maintained building with a flexible landlord*
3. Located near multiple eateries within walking distance*
Relocation: The business can be relocated, offering flexibility to the buyer*
Accrediting Organization: The Joint Commission (TJC)*
Recent Accreditation Survey: September 24, 2022*
EMR Software: HospiceMD*
Business Overview:
1. Current Census: 3 patients, with the possibility of the census remaining post-sale*
2. Current Lease Terms: Flexible*
3. Furniture, Fixtures, and Equipment (FFE): Included in the sale, estimated value of $10,000*
4. No current or past issues with billing**
5. All corporate taxes are up to date*
6. No liens, judgments, or outstanding debt*
Unique Selling Points:
1. Contracted with UCLA for patient referrals*
2. Comes with a 1-year (will be disclosed to serious buyers) membership already paid, valued at $120,000*
3. Positive reputation with 5-star reviews*
4. Clean billing history with no Additional Documentation Requests (ADRs)*
Staffing:
Existing staff are expected to stay with the buyer, including key employees. No past or current issues with employees.*
Reason for Sale: The current owner is selling due to a personal issue (will be disclosed to serious buyers) and is open to assisting with the transition to ensure a smooth handover.*
Seller financing is not available, all-cash offers are preferred.
Why Buy This Business?
This is a turn-key opportunity with everything in place, from The Joint Commission accreditation to strong contracts with major healthcare providers like UCLA. The office is in a prime area, and the business is ready to grow under new ownership.*
Seller Prefers. (1) Buyer to have healthcare experience in operating a hospice agency 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 Brokers or Ralph Santos, 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.
** Third Party CAP Analysis recommended as part of the Buyer's Due Diligence
