Company Overview
American HealthCare Capital is pleased to exclusively present a DME Company for sale in the Mid-West area. The Company provides orthopedic product sales, distribution, and billing services for more than 50 clients, including lucrative national small-business contracts with the U.S. Veterans Administration (“VA”) and Department of Defense (“DoD”).
The company specializes in distributing & billing orthopedic DME products, including bracing, orthotics, and disposable orthopedic products. The client base consists of hospitals, emergency departments, orthopedic practices, podiatry practices, pain management practices, urgent care centers, occupational therapy centers, and college and high school athletic trainers.
Financial Overview
The Company’s payor mix and/or sources of revenue are approximately 75% healthcare providers (i.e. hospitals, medical practices, skilled nursing facilities, etc.), 15% commercial insurance, 9% commissions, and 1% self-pay. In 2023, the Company had $511,865 of gross revenue with a net operating income of approximately $60,000. Prior to the COVID-19 pandemic, the Company’s revenue peaked at $994,733 (nearly 2X), a level that will certainly be attainable again under the full-time stewardship of a new owner. At the present time, the Company is positioned for significant growth with the high and growing demand for orthopedic medical services, active recruitment of additional sales representatives, and recognition within the healthcare community, which a new owner could build upon.
Staff Overview
The current owner is interested in retiring in the near future but is agreeable to remaining with the Company in a consulting capacity to provide assistance for the new owner. Furthermore, the rest of the staff are expected to remain with the Company following the transition to a new owner.
Asking Price
The asking price for this opportunity is $300,000 plus inventory on-hand.
