Company Overview
American HealthCare Capital is pleased to introduce a Community Mental Health Clinic for sale in Ohio. The company is a Community Mental Health Clinic licensed by the State of Ohio and the Ohio Department of Mental Health and Addiction Services (OHMHAS), and they are credentialed as a behavioral health and mental health provider (Provider Types 84 and 95). Services include Counseling and Psychotherapy, Medication Management, Care Coordination, and Case Management. All of the company’s clients are long-term, and services are primarily provided in the community.
The company has contracts with all major insurance companies, including Ohio Medicaid, Medicare, and all commercial plans. However, 99% of their revenues are generated through Medicaid or MCO plans. They focus on serving under-served adults, primarily the geriatric population with a lower income status.
Financial Overview
The company has grown rapidly over the past few years. Gross revenues were $799,563 in 2021 with a net income of $318,634 (39.8%). In 2022, they grossed $2,073,562 with a net income of $1,155,152 (55.8%). In 2023, the company grossed nearly $3.8 million with a net income over $1.9 million. They currently have over 300 active clients, and they expect to exceed $4 million in gross revenue in 2024 with a net income of $2.4 million.
The sellers are currently limiting growth to keep the business at a manageable level, but there are numerous opportunities for expansion. Although they have primarily focused on providing behavioral and mental health services, the company is also certified to provide SUD (Substance Use Disorder) and primary care services. A new owner could easily expand into these untapped service lines.
Staff Overview
The staff is expected to stay on under new ownership, and the owners will assist during a transitional period.
Asking Price
The asking price for this opportunity is $15 million.
