$1.4 Million Michigan Contract Physical Therapy Company
American HealthCare Capital is pleased to introduce a contract physical therapy company that is for sale in Southeastern Michigan. The company specializes in rehabilitation for spinal injuries, traumatic brain injuries and multiple orthopedic trauma in a home and community based setting. Services provided include physical therapy, occupational therapy, speech therapy, social work and massage services.
Established in 2001, the company has increased sales from approximately $600,000 in 2009 to anticipated revenues of $1.4 Million in 2011. The company’s primary source of business is from case managers, physicians and insurance companies. Over 80% of the revenues are derived from Michigan Auto/No-Fault. Significant growth opportunities exist through enhanced marketing efforts to the business sources.
The current owner has other business interests he would like to pursue but is available to stay for a transitional period or to work with a new owner in a strategic advisory capacity. The key administrative employees are available to continue with this very successful healthcare business model. Additionally, the company has no problems recruiting and retaining practitioners and currently has 25 part-time practitioner/employees who are paid on a per diem basis.
The asking price is $1,900,000, which is based on adjusted 2011 EBITDA of more than $550,000. If you are interested in learning more about this opportunity, please contact us for a Confidentiality Agreement that will allow us to share more detailed information with you.
$1.4 Million Michigan Contract Physical Therapy Company
American HealthCare Capital is pleased to introduce a contract physical therapy company that is for sale in Southeastern Michigan. The company specializes in rehabilitation for spinal injuries, traumatic brain injuries and multiple orthopedic trauma in a home and community based setting. Services provided include physical therapy, occupational therapy, speech therapy, social work and massage services.
Established in 2001, the company has increased sales from approximately $600,000 in 2009 to anticipated revenues of $1.4 Million in 2011. The company’s primary source of business is from case managers, physicians and insurance companies. Over 80% of the revenues are derived from Michigan Auto/No-Fault. Significant growth opportunities exist through enhanced marketing efforts to the business sources.
The current owner has other business interests he would like to pursue but is available to stay for a transitional period or to work with a new owner in a strategic advisory capacity. The key administrative employees are available to continue with this very successful healthcare business model. Additionally, the company has no problems recruiting and retaining practitioners and currently has 25 part-time practitioner/employees who are paid on a per diem basis.
The asking price is $1,900,000, which is based on adjusted 2011 EBITDA of more than $550,000. If you are interested in learning more about this opportunity, please contact us for a Confidentiality Agreement that will allow us to share more detailed information with you.