American HealthCare Capital is pleased to introduce a Mental Health Agency for sale that services Long Term Care Facilities in several states. The company has been in business for a decade providing mental health assessments and treatment to patients in Skilled Nursing, Residential, and Assisted Living Facilities. They have built an outstanding reputation in the communities they serve with their innovative behavioral health programs.
The company’s payer mix is 80% Medicare Part B (Physician Services), 10% HMO/Managed Care, and 10% Medicaid. Gross revenues were nearly $1 Million in 2017. In 2018, they grossed approximately $1 million with an adjusted EBITDA of $160,000, and they expect similar results in 2019.
The staff consists of 24 licensed mental health professionals, all of whom are expected to stay on under new ownership. The seller is looking to retire but will assist during a transitional period as needed.
The asking price for this opportunity is $650,000.
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.