Company Overview
American HealthCare Capital is pleased to exclusively present a Behavioral Health Practice for sale in the Mid-West. The practice provides behavioral health services, including but not limited to Therapy and Counseling Services, Psychiatry and Medication Management, Psychological Testing, Therapy for Children and Families, School-Based Mental Health Services, and Dialectical Behavior Therapy. The practice operates out of 3 locations.
Patient Overview
The practice maintains an active patient population of approximately 2,500 individuals, with an average patient volume of 1,800 appointment visits per month. The practice provides access to psychological services throughout a large geographical footprint with a team of licensed mental health professionals who work directly with patients to improve quality of life. The patient population ranges in age from young children to adults and services are provided in individual, family and group therapy formats.
Financial Overview
The Practice payor mix is approximately 57% Commercial Insurance, 24% Managed Medicaid, 11% Self-Pay, and 8% other Payors. The practice had gross revenues of $8,813,601, $6,475,560, $7,332,183 and $6,954,036 during calendar years 2021, 2022, 2023 and 2024, respectively. The Practice experienced operating losses during 2022 and 2024 as a result of the difficulty recruiting therapists to meet existing patient demand and cash flow challenges. Accordingly, the practice is seeking an investor who can provide assistance with growth and scale.
Currently, the practice is positioned for significant growth with the high and growing demand for Behavioral Health services, a constant waitlist for new patients, active recruitment of additional therapists, and recognition within the community, which a new owner could build upon. Based on these factors, the practice has forecasted significant growth of both gross revenue and net operating income during 2025 and beyond.
Staff Overview
At present, the staff consists of 8 psychiatrists, 54 therapists, 4 psychology interns, 21 administrative staff, all of whom are expected to remain with the practice following the transition to a new owner. The 3 active owners (CEO, CFO/COO and CCO) are very interested in remaining with the practice to continue providing Behavioral Health services to the patients.
Asking Price
The owner will consider competitive offers.
