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$2.2 Million Revenue DME & Medical Supply Company in Central Michigan

State: 

Michigan

Category:

DME & HME, Medical & Dental Supply Distributors

Asking Price:

$1,500,000

Revenue:

$2,200,000

Listing Code:

MIDME1F

American HealthCare Capital is pleased to introduce a DME and Medical Supply company for sale in Central Michigan. The company has been in business for over 20 years providing manual wheelchairs, power wheelchairs, hospital beds and supplies, patient aids, respiratory equipment, and more. They serve a 17-county area.

The Michigan medical supply company accepts numerous insurances. Their current payer mix is 40% Medicare, 40% Blue Cross PPO, and 20% other insurance. The company has seen significant, steady growth over the past few years. They grossed $773,994 in 2020, $1,119,993 in 2021, and $1,549,604 in 2022 with an adjusted EBITDA of $209,000. They anticipate gross revenues of $2.2 million in 2023 with a similar adjusted EBITDA margin.

The staff is expected to stay on under new ownership, but the owner would like to pursue other ventures.

The asking price for this DME and medical supply company in Michigan is $1.5 million plus the cost of unused inventory.

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