American HealthCare Capital is pleased to introduce a multi-location outpatient physical therapy company for sale in Monroe County, Michigan – a suburb of Detroit. The company has been in business since 2002 and has an outstanding reputation for personalized patient care. They provide traditional physical therapy services, as well as balance and vestibular neuro therapy. The company also provides foot and ankle therapy services.
Company Revenues are derived from Commercial Insurance, Medicare, and Workers Comp. The company’s Revenues were $635,572 in 2018 and grew to $708,720 in 2019 with an adjusted EBITDA of more than $130,000. While Revenues were down in 2020 due to Covid, the company has emerged nicely and expects to return to pre-Covid levels in 2021.The owner feels that significant opportunities exist in marketing the company’s services directly to the many large industrial companies in the area. In addition, vestibular therapy is a revenue stream that could be growth.
The Company sees in excess of 6,600 patients per year, with average reimbursement of $96 per visit. The seller is a therapist Owner who is available to continue to treat patients. The current staff is available to continue working with a new owner.
The asking price for this opportunity is $550,000.
