American HealthCare Capital is pleased to introduce a fast-growing, highly profitable Southwest staffing agency located in a major metropolitan city. Approximately 65% of the company’s revenues are in the Healthcare vertical, and that number continues to grow unabated. Administrative, clerical, and professional staffing currently comprises 25% of the company’s revenue, and the high-margin executive search/permanent placement division represents 10% of the business revenue.
The metropolitan staffing company has experienced tremendous growth, particularly in healthcare, over the last six years. In 2019, the company generated over $11 million in revenue with an adjusted EBITDA of $2.43 million. In 2020, revenue dipped slightly to $10 million and, due to additional expenses related to the pandemic, adjusted EBITDA came in at $1.4 million. The company rebounded strongly in 2021 with revenues of over $20 million partly due to its successful fulfillment of a very large RN staffing project that added over 2,000 RN’s to its already robust database. Adjusted EBITDA for 2021 was just shy of $5 million. After a solid start to 2022, the company picked up additional significant contracts that will lead to a stronger 2nd half, with total revenues for the year projected to comfortably reach the $14.6 million range with an adjusted EBITDA of more than $4.2 million. It is important to note that there has been no covid-related business for the entirety of 2022. The Southwest staffing agency’s reputation for success and professionalism continues to drive its forward momentum as evidenced by its ability to land and fulfill an array of projects, both large and small.
One or both owners are open to remaining with the company for some pre-determined period of time, minimally to assist with the transition but maximally to help the new owner take the business to the next level. The company expects its team to remain in place, as well.
If you would like to learn more, please use the link on the right-hand side of the page to execute our NDA. You will need to copy the Listing Code (Example: TXMC1A) and Listing Title (Example: $1 Million Home Health Agency in Texas) from the summary above to complete the NDA.