Company Overview
American HealthCare Capital is pleased to introduce a 30-year-old, Joint Commission Accredited healthcare staffing company for sale based in the Northeast US. The company’s service mix includes Temporary, Permanent, and Locums Tenens placements, and they currently have over 50 contracts spanning 13 states. The company focuses primarily on staffing RNs, LPNs, NPs, LCSWs, and Techs in a wide variety of healthcare settings, including hospitals, nursing homes, outpatient centers, GI clinics, urgent care centers, private practices, and universities.
Financial Overview
Gross revenues were $25 million in 2021 with an adjusted EBITDA of $4,073,785 (16.27%). In 2022, gross revenues grew to $29.4 million with an adjusted EBITDA of $5,364,963 (18.24%). In 2023, gross revenues were $25 million with an adjusted EBITDA of $4,175,470 (16.68%). For the Trailing Twelve Months (TTM) 7/1/23 – 6/30/24, gross revenues were just under $21 million with an adjusted EBITDA of $2,679,856 (12.8%). Through June 2024, gross revenues were $8,924,702 with a net profit of $835,760. The decline in 2023 and 2024 has been due in part to the normalization of rates and demand post-COVID, which is consistent with what many other healthcare staffing agencies have experienced in the industry. 2024 FYE gross revenues are expected to stabilize at approximately $16 million with adjusted EBITDA in the $2 million range.
Staff Overview
The staff consists of 14 employees, as well as an extensive pool of RNs, LPNs, NPs, LCSWs, and Techs. The owner serves as CEO and is open to remain with the company post-sale or make a complete exit after a reasonable transition period. All remaining key personnel are expected to remain with the company post-sale. There is also an existing employee who could assume the owner’s role in the company.
Asking Price
The seller will consider competitive offers.
