American HealthCare Capital is pleased to introduce a pediatric therapy company for sale in Northern Alabama. The company has an outstanding reputation for personal pediatric therapeutic care. Their services include physical therapy, occupational therapy, and speech therapy, which are provided at their two clinics, as well as through contracts with several school systems. In addition, the company treats children 0-3 years of age in the home through a Federally funded Early Intervention Program. Their service area spans 14 counties throughout Alabama.
The company’s payer sources are Medicaid and Private Insurance (50%) and School contracts (50%). Gross revenues were in the $900,000 range over the past few years and are on track to be the same in 2018. Patient visits between the clinics and the schools are in excess of 12,000 per year, with approximately 30 new admissions per month. The owner feels that tremendous growth could be achieved by increasing marketing in Central and Southern Alabama. Until now, the company has turned down business to provide contract therapists to agencies that service children with autism in those areas. School contracts could also be increased. Finally, fees could be raised with no issues.
The seller is available to continue with the company for 2-3 years, while staff is expected to stay on under new ownership. The asking price for this opportunity is $500,000.
If you would like to learn more, please contact us for a Confidentiality Agreement that will allow us to share more detailed information with you.