American HealthCare Capital is pleased to introduce a profitable, multi-location Orthotics and Prosthetics company based in Central Massachusetts. The company was founded by its owner in 2007 to provide customized orthotic and prosthetic patient care. They have an outstanding reputation for individualized patient care and providing the most advanced technological products.
The product mix is well balanced by prosthetics and orthotics. The company’s payers consist of Medicare, Medicaid and Private Insurance, and they have several important insurance contracts. Revenues were $990,000 and $982,000 for 2019 and 2018 respectively. Revenues for the first quarter of 2020 were $224,000, which an increase of 38% over the similar period of 2019. Trailing Twelve Month Revenues for March 2020 were $1,052,000 with an adjusted EBITDA of $170,000.
Significant growth could be achieved with stronger marketing efforts and expanding into nearby local areas. The satellite office is currently opened two days per week and can be expanded.
The clinical and administrative staff is expected to stay on under new ownership. The founder/owner would like to work with a new owner continuing to take care of patients and to take advantage of growth opportunities in the market.
The asking price for this opportunity is $700,000.
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.