American HealthCare Capital is pleased to introduce a profitable, multi-location orthotics and prosthetics company based in Central New Jersey. The company was founded by its owner in 1996 and has an outstanding reputation for individualized patient care and providing the most advanced technological products. This well-regarded company provides customized, complex orthotic and prosthetic patient care.
The company’s payers consist of Medicare, Medicaid, and Private Insurance, as well as direct business with area hospitals. The company has recently experienced impressive growth, which it has sustained. Revenues for 2019 and 2018 were approximately $3 million each year. Revenues took a slight dip mid-year due to the pandemic, but the company has recovered well and expects revenues to return to pre-pandemic levels in 2021. Additional growth could be achieved with stronger marketing efforts and expanding into nearby local areas.
All staff, including the owner, are expected to stay on under new ownership. The owner would like to work with a new owner that has the infrastructure to take advantage of the many significant growth opportunities.
The asking price for this opportunity is $2 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.