American Health Capital is pleased to introduce a Residential I/DD services company located in the Greater New York City area. The company has been in business for over 50 years and offers a variety of specialized on-site programs for I/DD children and young adults. Their service area spans several states and counties including New York county, Long Island, Westchester, and parts of Northern New Jersey, Connecticut, Washington DC and Philadelphia. The campus sits on 40 acres of land and includes 33 structures, the majority of which are used for room and board.
The company’s payer breakdown is 100% private pay, although they also receive Medicaid payments for certain cases. In 2016, the company generated approximately $1.3 Million in revenue with an adjusted EBITDA of $280,000 (22.1%). In 2017, the company is expected to gross $1.4 Million in revenue with an adjusted EBITDA of approximately $350,000 (25%). Their average census is 72, and summer months are their peak season. They also receive 16-20 new admissions per month during their main enrollment period. This is a turn-key operation, and ownership is lightly involved in the day to day. They are selling to pursue other business endeavors.
The asking price for the business opportunity is $1.4 Million, and the asking price for the real estate is $2.4 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.