SOLD
American HealthCare Capital is pleased to introduce a Michigan provider of custom fabricated orthotic braces and prosthetic limbs, specializing in comprehensive pre-fitting and post-fitting care, and in-house production of lower-extremity prosthetic devices. This profitable company was established nearly 25 years ago, and they are accredited by the American Board for Certification in Prosthetics and Orthotics. They have two patient care centers that are strategically located in Central Michigan near area hospitals.
The company’s primary payers include Medicare and Blue Cross Blue Shield, which account for approximately one half of revenues. The company’s total collected revenues for 2014 were $836,000 with an adjusted EBITDA of $136,000. Their favorable product mix is 60% Prosthetics and 40% Orthotics and Pedorthics.
The demographics for this under-served industry are extremely favorable. Soft goods and durable medical equipment are areas that could result in higher revenues for the company. A new owner could grow the company further by implementing a marketing plan in conjunction with the existing business model, including building upon their diverse physician referral base.
This is an ideal opportunity for an orthotic and prosthetic company seeking growth in the Midwest, as well as for DME/HME companies, Rehab companies, Multi-disciplinary medical practices and hospital groups seeking to diversify and grow their businesses.
The owners are seeking to become part of a larger organization due to the changes in healthcare, so that they can focus on patient care. The current owners and existing staff are available to work under new ownership. The asking price for this opportunity is $600,000.
