Company Overview
American HealthCare Capital is pleased to introduce a rapidly growing medical staffing company for sale in the Midwest that utilizes an in-house, proprietary app that does everything from onboarding nurses/caregivers to seamlessly filling shifts with 24-hour customer service. The company has approximately 900 approved workers on the platform and 150 active contracts, and their primary clients are nursing homes, assisted living facilities, and memory care facilities.
Financial Overview
In 2022, which was the first full year of operations, the company generated revenues of $3.5 million with an adjusted EBITDA of $384,430. In 2023, revenues through the 3rd quarter were $2.46 million with an adjusted EBITDA of $309,684, which puts the company on pace for full-year 2023 revenues of $3.3 million with an adjusted EBITDA of $413,000. The customer pipeline continues to be very robust and, as such, the owner is looking for a strong strategic buyer in the space.
The owner believes the key to the company’s value lies in the technology’s ability to transform the efficiency and cost structure of a traditional staffing agency. A strategic buyer would see an automatic increase in EBITDA margins with the adoption of this proprietary app/technology, as the software is transformative from onboarding, to shift placements, to 24/7 customer service.
Asking Price
The asking price for this opportunity is To Be Determined, as the owner welcomes all buyers to evaluate how such a robust technological platform could add to their current business’s bottom line. The owner would like to stay on and continue to assist with growth and development and is open to a variety of deal structures.
