Company Overview
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 a full array of DME products, specializing in CPAP, compression, lymphedema, and mastectomy products. They service a 30-mile radius from their office, which spans 7 counties.
Financial Overview
The company’s payer mix is 57% private (patient) pay, 19% private insurance, 17% Medicare, and 5% contracted payers. Gross revenues for 2022 were $1,682,216.25 and grew to $2 Million in 2023 and adjusted EBITDA of $359,288. They expect to have similar results in 2024. The company has a roster of approximately 1,400 repeat clients, and they saw approximately 1,262 new patients in 2023. They currently do no marketing, so the addition of marketing staff would immediately increase revenue.
Staff Overview
The staff is expected to stay 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.
Asking Price
The asking price for this opportunity is $1.5 million, plus the cost of unused inventory.
