American HealthCare Capital is pleased to introduce a well-established Behavioral Health Practice for sale located in Houston, Texas. Founded nearly 30 years ago, this highly profitable practice has established a successful team of clinicians delivering superior psychological services to an adult population, in both out-patient office and in-patient hospital settings. The practice is mature and has remained very stable through the pandemic.
Services provided include individual and couples psychotherapy, psychological evaluations, neuropsychological testing for ADHA and dementia, presurgical evaluations, in-hospital consultation, and program development. Telehealth visits are available for individuals unable to participate with in-person services.
The company’s payer mix is 60% commercial insurance, 30% Medicare, 5% Medicaid, and 5% Private Pay. Revenues grew from $1.19M in 2018 to $1.35M in 2019. In 2020, revenues grew to $1.41M with adjusted EBITDA of $447k (31.68%). Year-over-year, revenue increased 13.2% to $703,835 as of 6/30/21, from $621,720 as of 6/30/20, and the adjusted EBITDA margin remains healthy in 2021 at above 30%.
Staff is expected to stay on, and the owner is willing to assist with a transitional period of up to 1 year.
The asking price for this opportunity is $2.7 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.