American HealthCare Capital is pleased to introduce an Addiction and Mental Health Facility for sale in Tennessee. The facility is a 52 Bed, CARF Accredited facility located within 30 miles of Nashville. The business encompasses a clinical treatment center and 7 sober living houses providing partial hospitalization (PHP), intensive outpatient programs (IOP), and outpatient programs (OP) committed to facilitating the growth and healing of individuals and families struggling with alcohol, substance abuse, and dual diagnosis mental health disorders.
The company’s payer mix is 95% private insurance and 5% private pay with approximately 15% of the census derived from in-network referrals. Their 2022 revenues were over $3,185,000 with an adjusted EBITDA of $1,009,000. First quarter 2023 revenues were over $1,309,000 with an adjusted EBITDA of $ 986,564, and they expect to exceed revenues of $5.2 million by the end of 2023 with an estimated adjusted EBITDA of nearly $3.3 million. The conservative projection of revenues does not account for the anticipated increase in the patient census as staffing increases in June.
All staff are expected to stay on under new ownership, and the CEO/partner could stay long-term if desired.
The asking price for this opportunity is $20 million not including real estate. The facilities, which comprise more than 17,000 square feet combined, are available to lease or to purchase for an additional price.
If you would like to learn more, please use the link on the right-hand side of the page to execute our NDA. You will need to copy the Listing Code (Example: TXMC1A) and Listing Title (Example: $1 Million Home Health Agency in Texas) from the summary above to complete the NDA.