American HealthCare Capital is pleased to introduce a multi-location, Michigan based residential care facility for those suffering from traumatic brain and spinal cord injuries. The company has nine homes in five locations throughout the state and provides transitional, supportive, and residential group living. With 52 fully licensed beds, the community offers residents a safe, comfortable, and enriched environment in which they can enjoy living a semi-independent lifestyle with care around the clock.
In 2019, gross revenues were around $7.2 million, with an EBITDA of $2.9 million. The projected gross revenue for 2020 is $7.9 million, with an EBITDA of $3.9 million. The seller feels that there is room for growth with more services being provided in-house.
There is a full complement of staff available to continue working under new ownership.
The asking price for this opportunity is $19.5 million. The seller is willing to sell the real estate at an additional cost.
