American HealthCare Capital is pleased to introduce a Community Mental Health Company Serving Children and Adolescents in 2 states on the East Coast. For more than 20 years, this CARF accredited company has provided an array of services to at-risk youth and families experiencing severe behavioral and mental health disorders. Services vary by location but include Outpatient Mental Health and Psychiatric Services, Intensive Family Intervention (IFI), Psychiatric Rehabilitation Programs (PRP), Individual and Family Therapy, and Educational Support Services Contracts.
The company’s sole payer is Medicaid. Although their focus is on pediatric clients (95%), they do have some adult clients (5%). Between both locations, the company has 750 active consumers who receive 1 hour of service per week. Gross revenues were almost $6.5 million in 2018 with a net profit near $1.2 million. They grew to over $7.5 million in 2019 with a net profit over $1.5 million. In 2020 and 2021, they have seen a decline due to COVID-19, but they are expected to return to pre-pandemic revenue and profit levels in 2022 as things begin to open up and return to normal. They are projecting to gross at least $7.5 million in 2022 with a net profit above $1.5 million.
There is a multi-disciplinary team of Licensed Psychologists, Board Certified Medical Doctors, Licensed Social Workers, Family Therapists, Professional Counselors, and Certified Paraprofessionals who are all expected to stay on under new ownership. The sellers are seeking retirement but will assist during a transitional period as needed.
The asking price for this opportunity is $9.5 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.