American HealthCare Capital is pleased to present a provider of rehabilitation staffing services to a five-county area in Southeast Florida. The company provides a full complement of rehab specialists to facilities by way of contract, including Physical Therapists, Occupational Therapists and Speech Therapists. Staffing can be provided in several medical settings, including home health agencies, hospitals, skilled nursing facilities, and assisted living facilities. The parent company has been a premier provider of rehab staffing for the past 30 years in a Midwestern metropolitan area.
The company currently has contracts with 70 Florida Home Health Agencies who bill through a combination of Medicare, Managed Care and Workers Compensation patients. Gross collected revenues have steadily increased, going from $2.8 Million in 2015, to $3.8 Million in 2016, to$4.4 Million in 2017 and to $5.3 Million in 2018. Revenues for the first Four Months of 2019 were $1,870,000, putting them on track to reach $5.6 Million in 2018 with an adjusted EBITDA around $650,000.
The owners of the company have decided to focus on growing their operations located in the Midwest, which is where their Headquarters are located, and they are therefore divesting their Florida division. The full staff of office and therapists are available to stay with the new owner.
The asking price for this company is $3 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.