Statewide Case Management and Home Care Agency for Automobile Injured Patients in Michigan
For Sale in MI
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 sole payer source is Auto Insurance companies. The company’s revenues have steadily increased in recent years. Gross revenues in 2015 were nearly $3.8 Million with an adjusted EBITDA of around $630,000 (17%), and grew to over $3.9 Million with an adjusted EBITDA of over $700,000 (18%). Based on the first 2 quarters of 2017, gross revenues are on track to reach $4 Million, and the company is expecting further growth as the year progresses. Additionally, adjusted EBITDA is expected to increase significantly to the $1.1 Million range. Growth opportunities exist through enhanced marketing efforts to healthcare professionals, which is now in process.
I am pleased to introduce a Case Management and Home Care agency for Automobile injured patients that is for sale in Michigan. The company has been in business for 25 years, specializing in case management services, skilled nursing, and nurse aid care to patients injured in motor vehicle accidents. Their service area covers the entire state of Michigan.
Support & Training
The seller is looking to retire but would be available to assist during a transitional period. All staff is expected to stay on under new ownership. The asking price for this opportunity is $6 Million.
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