Calling all Health Care operators & investors

by a searcher from Columbia University - Columbia Business School

3 years ago

I am looking at a Home Care business in S FL, 5 hours from me.   I have no experience in Home Care but the numbers are enticing.  Consistently strong growth, mostly contract employees, mostly referrals with a website (no digital ads), 1.5M EBITDA. It is a Certified Home Care registry.  So the problems are the following:
1.  He wants 6x (wouldn't pay that much), but I might pay 5x
2.  It is 5 hours from my kids (could commute with an apartment even though I have a business here)
3.  The whole business seems flimsy.  There is virtually no training with all care workers being 1099.
Any comments would be appreciated.

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4 comments

professional from Millikin University

I was the insurance broker for CSI Caregiver Services for a number of years. Back then, there were a lot of smaller players that were easy to bolt on. https://csicaregiver.com/

3 years ago | like reply | 0 likes

investor from University of Virginia

Tons of smart/deep pocketed players in this space already, so I'd wonder why a business like this isn't already under LOI. Aka, what do they know that you don't? Also, I think the key is payor mix. ^Searchfunder member‌ is an expert

3 years ago | like reply | 0 likes

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