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    How to Sell a Hospice Business in Florida

    Florida hospice agencies are selling at 2.4x - 3.8x their annual profit, with very high buyer activity across the state. Here's what you need to know.

    Florida
    2.4x - 3.8x Multiple
    $2,000,000 – $15,000,000
    Very High Buyer Activity

    Florida Hospice Market Snapshot

    2.4x - 3.8x

    Profit multiple

    $2,000,000 – $15,000,000

    Typical value

    750+

    Hospice agencies

    Very High

    Buyer activity

    What Makes Florida Unique

    Florida has the largest 65+ population in the country at over 5 million, making it the single biggest hospice market in the US by patient volume.

    The absence of CON requirements has led to significant agency proliferation, particularly in South Florida, buyers should carefully evaluate competitive density in target markets.

    Medicare Advantage penetration in Florida is among the highest in the nation, which creates both opportunities and challenges for hospice agencies navigating MA prior authorization requirements.

    No state income tax provides significant tax planning advantages for hospice agency sellers, especially those structuring earnout or installment sale agreements.

    South Florida's diverse population requires multilingual staff and culturally competent care, which agencies with these capabilities can leverage as competitive advantages.

    Florida Hospice Regulations

    Non-CON state, Florida eliminated its hospice CON requirement, resulting in a highly competitive market with many agencies but also massive patient volume from the nation's largest 65+ population.

    Florida does not require Certificate of Need for hospice agencies, allowing open market entry and resulting in a highly competitive landscape.

    The Florida Agency for Health Care Administration (AHCA) licenses and surveys hospice agencies for compliance with state regulations.

    Medicare-certified agencies must comply with federal Conditions of Participation and participate in the Hospice Quality Reporting Program.

    Florida Medicaid covers hospice services through managed care plans, with reimbursement rates negotiated between plans and providers.

    How to Sell Your Hospice Business in Florida

    1. Get a Current Valuation

    Before anything else, know your number. Your agency's value is based on how much profit it makes in a year, after you add back things like your personal salary and expenses that a new owner wouldn't have. That adjusted profit gets multiplied by 2.4x - 3.8x to get your value.

    Our free valuation calculator gives you a range in about 2 minutes, no email required, no strings attached. It factors in your revenue, patient census, payer mix, and Florida-specific market conditions.

    2. Understand Florida's Regulations

    Non-CON state, Florida eliminated its hospice CON requirement, resulting in a highly competitive market with many agencies but also massive patient volume from the nation's largest 65+ population.

    If you're selling to a private equity group or regional operator, your attorney should be familiar with Florida's specific requirements for Medicare certification transfers, state licensing, and any Certificate of Need rules.

    3. Prepare Your Agency for Market

    Buyers, whether PE platforms or individual operators, look at the same fundamentals:

    • Clean financials, 3 years of tax returns and profit & loss statements
    • Patient census, average daily census, admission trends, and length of stay
    • Payer mix, Medicare percentage and any Medicaid or private pay revenue
    • Survey history, clean surveys and no active compliance issues
    • Staff stability, nurses, aides, and clinical leadership staying post-sale matters
    • Referral relationships, strong hospital and physician referral networks add significant value

    Want to see where your agency falls?

    Our free calculator factors in your revenue, profit, and Florida market conditions.

    4. Know Your Buyer Options

    In Florida, you have four main buyer types, listed here by who typically pays the most:

    Highest Multiples

    PE Platforms

    The top of the 2.4x-3.8x SDE range. Best for larger agencies with $2,000,000+ revenue and strong census. Larger buyers price on EBITDA, a different yardstick: platforms paid 11x-13x EBITDA for add-ons worth $30,000,000 to $120,000,000 (Hendon Partners, Q2 2026), far bigger than most local agencies.

    Best for Most Sellers

    Regional Hospice Groups

    Within the 2.4x-3.8x SDE range. They know the local market and close reliably in 90-120 days.

    Strategic Buyers

    Hospital Systems

    Within the 2.4x-3.8x SDE range. They want to control the care continuum from acute to end‑of‑life.

    Traditional Route

    Individual Operators

    Within the 2.4x-3.8x SDE range. Often SBA-financed. Cleanest exit with a 60-90 day transition.

    Not sure which buyer type is right for you? Book a free call and we'll walk you through your options based on your specific agency.

    5. Timeline and What to Expect

    From first conversation to closing, expect 6-12 months. The process: valuation (week 1) → preparation and marketing (weeks 2-8) → buyer matching and LOIs (weeks 8-16) → due diligence and Medicare transfer (weeks 16-32) → closing (weeks 32-48). Agencies in Florida with clean surveys, stable census, and strong financials often close faster, especially with PE buyers.

    Frequently Asked Questions

    What is my hospice business worth in Florida?

    Hospice agencies in Florida typically sell for 2.4x - 3.8x their annual profit, with values ranging from $2,000,000 – $15,000,000. Factors like your payer mix, patient census, location within Florida, and buyer competition all affect the final number. Use our free valuation calculator for a personalized estimate.

    Who is buying hospice agencies in Florida?

    Active buyers in Florida include private equity platforms, regional hospice groups, hospital systems, and individual operators. Buyer activity in Florida is very high, meaning sellers can expect competitive offers from multiple buyers.

    What are Florida's hospice regulations?

    Non-CON state, Florida eliminated its hospice CON requirement, resulting in a highly competitive market with many agencies but also massive patient volume from the nation's largest 65+ population. Florida does not require Certificate of Need for hospice agencies, allowing open market entry and resulting in a highly competitive landscape. The Florida Agency for Health Care Administration (AHCA) licenses and surveys hospice agencies for compliance with state regulations. Medicare-certified agencies must comply with federal Conditions of Participation and participate in the Hospice Quality Reporting Program. Florida Medicaid covers hospice services through managed care plans, with reimbursement rates negotiated between plans and providers.

    How long does it take to sell a hospice agency in Florida?

    The typical timeline to sell a hospice agency in Florida is 6-12 months from listing to close. Agencies with clean financials, stable census, strong survey history, and no compliance issues close faster. Private equity transactions can sometimes close in 90-120 days if the agency is well-prepared.

    One important decision. Two good places to start.

    What's Your Florida Hospice Agency Worth?

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    I want to understand my value

    Start with your numbers.

    Get an initial range and a clearer starting point for your plans.

    Get my valuationYour private report. No commitment to sell.
    I want to talk through my options

    Start with a dedicated advisor.

    Discuss your goals, timing and questions in a private conversation.

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