Company Overview
American HealthCare Capital is pleased to introduce a temporary medical staffing company based in Los Angeles, California. The company’s experience in healthcare facility management and personnel development gives them a competitive advantage with a complete range of solutions designed to address every staffing need. The company specializes in staffing skilled nursing facilities with RNs, LVNs, and CNAs. The company serves the areas of Los Angeles, the San Fernando Valley, and San Diego and has active contracts with Fifteen (15) facilities within the region.
Financial Overview
Annual Revenue for 2021 was $3.2 million, and it grew to $4 million in 2022. In 2023, the seller made a business decision to terminate a contract with a large facility due to cash flow problems with that facility, which impacted the 2023 and 2024 annual revenue. Revenue for 2023 was $2.7 million with an adjusted EBITDA of $233,260. The seller projects that 2024 revenue will be in line with 2023 results. In 2024, they are on pace to reach $2 million with a net income of $200,000.
Staff Overview
All clinical staff are 1099 contractors, but the remaining administrative staff are W2 employees. All staff are expected to remain after the sale. The seller is willing to remain as a consultant if needed.
Asking Price
The asking price for this opportunity is $900,000.
