Company Overview
American Health Care Capital is proud to exclusively present a Joint Commission Certified Medical Staffing Company for sale based in the mid-west that was established in 2012. The company focuses primarily on travel nurses (100%) in a wide variety of healthcare settings, including Hospitals, Long Term Acute Care and Schools. They do business in the Mid-West and are licensed in the following states: IA, IL, IN, KY, MD, ME, MN, MO, NC, NV, OR, PA, and WA, with TN (In progress).
The company has done business in many states over the years, registering directly with states and obtaining state staffing license requirements, which creates flexibility for a new owner while preserving compliance with MSP/VMS accounts. They have many established and active accounts with many major MSP/VMS partners. They also have direct policies for GL, PL, Auto, Umbrella, and workers comp without needing EOR/PEO services.
The company has done some permanent placement along with their Per Diem work. They typically have 2,500 to 3,000 open MSP Nursing and Allied contract job orders open at any given time. Their database includes over 25,000 candidates and 51,000 clients/facilities. Automations and business management flows are in place to allow efficiency in managing the back-end operations.
The company has operated consistently and profitably for over 15 years while maintaining an excellent reputation throughout the Medical Staffing Community.
Financial Overview and Growth Projections
The company was growing until they encountered personnel issues in 2023. In 2020, Gross Revenue was $2,487,188 with an EBITDA of $209,715. In 2021, Gross Revenue grew to $3,825,069 with an EBITDA of $380,284. In 2022, Gross revenue grew to $4,258,003 with an EBITDA of $81,404. Due to personnel issues, the company grossed $1,898,831 in 2023 with an EBITDA of $54,737. Based on the first 4 months of 2024, Gross Revenue is on pace to reach $1.5 million with an EBITDA near $100,000. With their current infrastructure, the sellers feel that the past run rate of $3.8 million and higher is easily achievable under new ownership with a renewed focus on marketing and growth.
Staffing Overview
This agency has a very stable office and field staff that is expected to stay on. The owner will stay on to assist a new owner during a transitional period.
The asking price for this opportunity is $695,000.
