Company Overview
American HealthCare Capital is pleased to exclusively introduce a South Florida based mental health clinic for sale. The company is licensed through AHCA as a Health Care Clinic, offering comprehensive mental health services with a strong emphasis on quality care for children, adults, and geriatric populations. Their core services include psychiatric evaluations, medication follow-ups, individual therapy, and Mental Health Targeted Case Management (TCM). They are currently in-network with Medicaid, Medicare, and various commercial health insurance plans.
The company is also licensed and in-network to provide psychosocial rehabilitation (PSR), clubhouse services, group therapy, and physical and occupational therapy, but they have not yet launched these services. This presents a valuable growth opportunity for a new owner.
The patient population is 80% adult and 20% pediatric. They are flexible in how they provide care, offering in-person visits, at-home services, and Telehealth options to meet the diverse needs of their clients.
Financial Overview
Gross revenue was $844,891 in 2023 with an adjusted EBITDA of $57,491. In 2024, they are on pace to surpass $2 million in gross revenue with an adjusted EBITDA of nearly $370,000 based on financials through August. A significant portion of their recent growth is being driven by several insurance companies cutting off a number of local providers in 2024, causing patients to be displaced and seek new providers. Because of this, they feel 2024 revenue may be closer to $2.5 million by the end of the year with an adjusted EBITDA margin above 18%. In 2025, they expect to see continued growth, with a projection to double 2024 revenue at $4 – $5 million and an adjusted EBITDA margin near 20%.
Staff Overview and Exit Plan
There is a full complement of staff who are expected to stay on under new ownership. The seller would like to pursue other ventures but will assist during a transitional period.
Asking Price
The asking price for this opportunity is $3 million.
