DME Company in Central Illinois
For Sale in IL
Financial & Assets Details
About the Business
All Buyers - Individual(s) or Corporation(s)
Must Provide Resume(s), Proof of Net-Worth, and/or Revenues, Proof of Funds to make the Purchase, and Purchase Plan.
All Buyers are Introduced to the Seller based on the Buyer submission of Information. Approval Granted by the Seller, to the Buyer to Review the Offering Book in Detail.
It is expressed that American Healthcare Capital Does NOT Advise Sellers or Buyers to engage another party with no experience in the Healthcare Industry and/or other industry; and rejects potential sellers or buyers based on lack of industry knowledge a factor in qualification of any seller and/or buyer engagement.
QUALIFIES FOR SBA FINANCING INQUIRE
Growth & Expansion
The company’s payer mix is 65% private (patient) pay, 19% private insurance, 12% Medicare, and 3% Medicaid. Gross revenues were $1.9 Million in 2015 and $1.6 Million in 2016. This decline in revenue is reflective of cuts to CPAP reimbursement, but volume has actually increased. They are currently on track to gross around $1.6 Million again in 2017. The company is very profitable, with an adjusted EBITDA of around $375,000 (23%) in 2016, and they expect it to be the same in 2017. The sellers feel that growth can be achieved by adding additional service lines, as well as a marketing team.
I am pleased to introduce a DME company for sale in Central Illinois. This well-established company is known for their exceptional service, and they are ACHC accredited. They provide the full array of DME products, specializing in CPAP and mastectomy products. They service a 30 mile radius from their office, which spans 3 counties.
Support & Training
The staff is expected to stay on under new ownership. The sellers would like to focus on other non-healthcare business ventures, but they will assist during a transitional period as needed. The asking price for this opportunity is $1.4 Million.