American Healthcare Capital is pleased to introduce a respiratory operational management and contracting service headquartered in Southern California with service areas in California and New York. The company has been in business since 2000 and provides contracting (including design, survey preparation, facilitation of government approvals, regulatory compliance, and operations management) for ventilator/tracheostomy services within existing LTC facilities. Their management contracts emphasize detail-oriented service with a full complement of well-trained caregiving staff, administration, and qualified leadership.
Gross revenues were $1,140,000 in 2016 and $1,150,000 in 2017 with an adjusted EBITDA of $228,198 (20%). The company is currently contracting directly with LTC facilities to serve 200 beds. The payers are the facilities which pay on a monthly basis. There is no insurance adjudication or need to chase down receivables. The facility contracts come primarily from health industry referrals sources, such as medical professionals, with whom they have developed a great reputation.
The staff consists of well-trained employees, most of whom have been with the company for multiple years. All employees are expected to stay on under new ownership, and the owner is willing to assist during a short-transition. The current COO/CFO, who has operational, financial, and administrative experience and training, is currently running the operations and will assist to allow the business to seamlessly transition to new ownership.
The asking price for this opportunity is $2 Million.
If you would like to learn more, please contact us for a Confidentiality Agreement that will allow us to share more detailed information with you.