American HealthCare Capital is pleased to introduce a DME company for sale in Central Illinois. This well-established company is known for their exceptional service, and they are ACHC accredited. They provide the full array of DME products, specializing in CPAP and mastectomy products. They service a 30 mile radius from their office, which spans 3 counties.
The company’s payer mix is 59% private (patient) pay, 23% private insurance, 14% Medicare, and 4% Medicaid and Worker’s Compensation. Gross revenues were $1.9 Million in 2015 and $1.6 Million in 2016 with an adjusted EBITDA of $375,000. This decline in revenue is reflective of cuts to CPAP reimbursement, but volume has actually increased. They grossed more than $1.6 Million in 2017, and they are on track to do the same in 2018.
The staff is expected to stay on under new ownership. The sellers are absentee owners who would like to focus on other non-healthcare business ventures, but they will assist during a transitional period as needed. The asking price for this opportunity is $1.2 Million, plus the cost of unused inventory.
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.