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Accredited Group Adult Foster Care Business

Price: $1,100,000

Annual Revenue: $1,240,294

Net Cash Flow: $360,000

Industry: Health Care

Location: Essex County, Massachusetts

This CARF accredited Group Adult Foster Care (GAFC) business serves people (referred to as members by MassHealth) in their homes with a full suite of personal care, home support, and companionship services that help enable them to retain their independence and remain in their homes.

DCAs (Direct Care Aids) have a daily schedule designed to meet the individual needs of each member. They serve over 80 members through their staff of over 40 W2 DCAs. The majority of members are in Middlesex, Worcester and Norfolk Counties.

Payments come through Mass Health, CCA, Fallon, United and Tufts. Member referrals come from existing members, case managers and the Department of Health. The company achieved CARF accreditation in October 2023 which is good for 3 years and will transfer with the sale.

Listing Details

Training & Support:

The sellers plan to exit the business but will be available for a transition.

Operation

Year Established: 2015

Employees: 40

Location

Relocatable?: Yes

Facilities Information:

The office is leased. It has 650 square feet of space that has two offices. They have a shared bathroom. The location is in a strip mall. They do not serve members in Essex County and this business could be moved to another location in MA if the buyer wanted to.

Summary

Potential Growth:

Growth could come from expanding the referral base with more case workers and hospitals in the area they serve or expansion to other MA geographies.

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