Company Overview
American HealthCare Capital is pleased to offer a comprehensive mental health clinic established in 2003. Located in upstate New York, the company provides a full range of services including Psychotherapy, Psychological Testing, and Mental Health Evaluations.
Financial Overview
The company’s current payer mix is approximately 95% Private Insurance and 5% Private Pay. Over the past three years, the company has steadily declined in annual revenue due to the seller intentionally reducing his hours. In 2021, the company collected $633,103 in gross annual revenue with an adjusted EBITDA of $81,873. In 2022, they collected $585,671 in gross revenue, and in 2023, they collected $485,505 in gross annual revenue. As of July 2024, the company is on track to achieve approximately $615,000 in gross revenue and an adjusted EBITDA of around $110,000 by year-end.
The company receives approximately 20-30 new referrals per week. Their extensive referral base covers a 50-mile radius, most of which come from physicians, hospitals, word of mouth, and leading professionals in the community. On average, they bill 160 – 180 hours per week with an average reimbursement rate of $100 per session.
Staff Overview
The seller is looking to retire but may be interested in staying on in some capacity for the right opportunity.
Asking Price
The asking price for this opportunity is $400,000.
