Details - Information last confirmed on May 28, 2021
Listing ID # 32015
This 22-year-old New Jersey State licensed company provides medical transportation services to Medicaid patients in Essex, Union and Middlesex Counties. Headquartered in Essex County, New Jersey, Its fleet is comprised of five wheelchair vans, eight minivans and 15 full-time drivers. A shared staff of four provides dispatch, patient contact, billing, scheduling and compliance reporting. The Seller will stay on after the sale to smooth transition or to run the company for up to one year for those seeking a true turnkey operation. The business was off in 2020 due to Covid but has picked up very well this year and is approaching its former levels. Businesses of this nature are highly profitable as the state provides the service providers with the customers (patients) thereby saving these transportation companies from the marketing and sales costs and the state pays for the transportation services provided within two to three weeks after each patient is transported. Thus, businesses in this space are spared the costs of marketing, sales, accounts payable and bad debts and virtually all of a working capital can be applied to growth.
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