Company Overview
American HealthCare Capital is pleased to exclusively introduce a nationwide, niche medical recruitment agency for sale based in South Dakota and was founded in 2014. The company specializes in permanent placements and contingency placements around the country. On an annual basis, the business mix is 60% Physician placement, 30% mid-level, and 10% other. Included in the mid-level range are Nurse Practitioners, Physician Assistants, and nursing. Permanent Dental and LCSW placements make up the “other” category. The company only operates in the United States and currently has over 300 current contracts. The average placement revenue is between $18,000 and $22,000 dollars. The company has a great reputation nationally and works with some of the largest healthcare systems in the country.
Financial Overview
The pandemic had a significantly positive affect on business, and the company has been growing each year. The total revenue in 2022 was $141,000 with an EBITDA of $34,000. In 2023, there was a slight increase to $159,000 in total revenue with an EBITDA of $47,000. The company has turned the corner in 2024 and business has been picking up. The year-end projection for Revenue will be $320,000 with a projected EBITDA of $120,000.
Staff Overview
The owner is pursuing a sale due to involvement in other business interests and to spend more time with his family. He is willing to stay on during the transitional period for up to one year to ensure the new owners are familiar with all aspects of the business. This is a debt free business.
Asking Price
The asking price for this opportunity is $650,000.
