American HealthCare Capital is pleased to introduce a DME, Medical Supply, and Pharmacy company for sale in California. The company has multiple locations, allowing them to serve the majority of the state. They are a full service DME, specializing in power mobility, enteral nutrition, respiratory equipment and supplies, and more. They also operate retail and closed door pharmacies.
Approximately 85% of the revenues are from DME and 15% are from Pharmacy. Gross revenues were nearly $54 million in 2020 with an adjusted EBITDA over $8.2 million. Based on Q1 results, they are currently on track to reach $60 million in 2021 with an adjusted EBITDA above $12 million. The primary payer for DME is Medicaid HMO and regular HMO, while the primary payer for pharmacy is private insurance.
There is a full staff of nearly 300 employees that are expected to stay on, and the owners will assist during a transitional period.
The asking price for this opportunity is $60 million.
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.