HOME CARE
Sell your private duty nursing agency
Private duty nursing agencies provide hourly skilled nursing at home, most often to medically complex children covered by Medicaid. Value rests on two things buyers watch closely: whether you can staff the nursing hours you are authorized for, and how stable your state's Medicaid and managed care rates are. National platforms are actively growing in this segment, so a well-staffed agency with good payer relationships can draw several serious buyers.
By Akim Guennani, Founder · Updated October 2026
$621.9M
Aveanna Healthcare total revenue, Q3 2025
+25.6%
Aveanna private duty services revenue growth, Q3 2025 vs. Q3 2024
11.8M
Hours of private duty care Aveanna delivered in Q3 2025
What makes PDN different
Unlike personal care, private duty nursing is delivered by RNs and LPNs, often in long shifts for a single patient with complex needs such as a tracheostomy or ventilator. Hours are authorized by Medicaid or a managed care plan, and the binding constraint is almost always nurse supply rather than patient demand.
That makes the business both resilient and fragile. Demand from medically fragile children is steady and largely protected, but an agency that cannot recruit and keep nurses leaves authorized hours unstaffed and revenue on the table.
What buyers underwrite
PDN buyers focus on a short list of numbers and relationships.
- Fill rate
- Staffed hours as a share of authorized hours, by month and by county. This is the single most important operating metric.
- Nurse pipeline
- Recruiting sources, time to staff a new case, nurse tenure, and how dependent you are on overtime or agency staff.
- Rates and payers
- Your state Medicaid rates, managed care contracts, and any recent or pending rate changes.
- Clinical quality
- Incident history, hospitalizations, and the documentation that supports each shift billed.
Who buys PDN agencies
National pediatric home health platforms, regional private equity backed operators, and strategic home health companies are the main buyers. The largest platforms are growing their private duty businesses, which keeps demand for well-run agencies strong, especially in states with improving Medicaid rates. A competitive process with several of these buyers usually produces better terms than responding to a single approach.
What the largest platform tells you about the market
Aveanna Healthcare, the largest public company focused on pediatric home care, reported $621.9 million of total revenue in the third quarter of 2025. Its private duty services revenue grew 25.6 percent from a year earlier on 11.8 million hours of care, and the company points to 30 preferred payer partnerships with enhanced rates and value-based agreements as part of its strategy.
A public platform is not a valuation benchmark for a private agency: it has scale, cheaper capital, and a different risk profile. What its results do show is that buyers in this segment are growing and that payer relationships, not just patient demand, drive that growth. Those are the same things they will look for in your agency.
Preparing a PDN agency for sale
Buyers will rebuild your revenue from authorized hours, staffed hours, and rates. Have that data ready and reconciled before the first conversation.
Owner checklist
- Authorized vs. staffed hours by month, county, and payer
- Nurse headcount, turnover, tenure, and overtime share
- Medicaid and managed care rates, with any recent changes
- Time to staff new cases and open-case backlog
- Incident, hospitalization, and complaint history
- State licenses, Medicaid enrollments, and accreditation
Illustrative example: what fill rate is worth
Assume 200,000 authorized nursing hours a year at a blended rate of $50 an hour. At an 80 percent fill rate the agency bills $8,000,000; at 90 percent it bills $9,000,000. A buyer that believes it can lift fill rate will value that upside, but it will pay you mostly for the hours you staff today. The figures are hypothetical.
How Lartico fits in
Lartico introduces PDN agency owners to platforms and operators that are actively acquiring in this segment. You choose which buyers to speak with, there is no listing, and the buyer pays our fee at closing.
Sources and methodology
Public transactions provide market context, not a valuation quote for a private practice. Illustrative examples use hypothetical assumptions and are not predictions. This guide is educational and is not legal, tax, accounting, or investment advice.
- 1. Aveanna Healthcare third quarter 2025 results presentation (Aveanna Healthcare via SEC EDGAR). Q3 2025 total revenue, private duty services growth, hours of care, and payer partnerships.
- 2. Aveanna Healthcare Form 10-Q for the quarter ended September 27, 2025 (SEC EDGAR). Segment description: private duty services are principally reimbursed by Medicaid and Medicaid managed care.
Reviewed October 2026
Questions owners ask
Straight answers, before you commit to anything.
What is my private duty nursing agency worth?+
Usually a multiple of adjusted EBITDA, driven above all by fill rate, nurse retention, and the stability of Medicaid and managed care rates in your state.
Why does fill rate matter so much?+
Because PDN demand usually exceeds nurse supply. Authorized hours you cannot staff are revenue a buyer cannot count on, and improving fill rate is often the buyer's main growth lever.
Are pediatric PDN agencies exposed to Medicaid cuts?+
They depend on Medicaid, but medically complex children are a relatively protected population, and buyers focus more on your state's rate trends and managed care contracts than on broad Medicaid headlines.
Who buys private duty nursing agencies?+
National pediatric home health platforms, regional private equity backed operators, and strategic home health companies looking to add skilled hourly nursing.
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