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OKBH1B - $6.3 Million, Multi-Location Mental and Behavioral Health Practice in Oklahoma

Our firm is pleased to introduce a long-established Mental and Behavioral Health Practice with multiple locations across Oklahoma. The company provides mental and behavioral health services for children, adolescents, adults, and older adults and their families.
The practice is split into 2 divisions, one which is a Part 21 Medicaid, CARF certified practice that focuses on outpatient behavioral health services, and Medicaid accounts for 80% of its revenue. The other division is a private provider group with long standing agreements to provide psychiatric services in more than 100 facilities. Medicare and private pay clients account for 91% of revenues.

Annual projected revenues for 2021 are approximately $6.3 million, which is 17% below the prior year due to COVID-19 related facility access restrictions. The projected 2021 gross profit margin is 55%, slightly below the prior year of 62%. The patient census for the most recent six-month period is approximately 3,700.

The co-owners, one a licensed PhD in Clinical Psychology, and the other a licensed MD Psychiatrist, are willing to stay on board for a mutually agreeable transition period.

The asking price for this opportunity is $4 million.

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