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Details

$5.5 Million Michigan Home and Community Based Nursing and Therapy Company
State:
Michigan
Category:
Home Care & Home Health, Physical, Occupational, and Speech Therapy & Rehab
Asking Price:
$7,000,000
Revenue:
$5,500,000
Listing Code:
MIMC3U
Our firm is pleased to present a home and community-based nursing and therapy company for sale in Michigan. The Company provides home health aide and nursing services, as well as physical, occupational, and massage therapy services to clients across the southeastern and upper-mid Michigan, and is CARF-accredited (Certification and Accreditation of Rehab Facilities).

Since its inception in 2019, the Company has grown gross revenues at an impressive annualized rate of 45%, from $2.78 million during the first 12 months to over $5.34 million through 2021. Revenues for the Twelve Months Ended July 2022 were $5.5. In addition to outstanding top-line growth, the Company is profitable with adjusted EBITDA margins averaging over 20%.

Approximately 80% of the Company’s payer mix is automotive insurance, with the remainder a mix of workers comp and private pay. The Company plans to expand the mix of payers through various initiatives that it is current pursuing.

The Company has a clinical team of approximately 75 employees that provide outstanding, personalized care to the patients. In addition, an administrative team assists with human resources, accounting, and other operational support functions. All team members are expected to stay under new ownership, including a very strong Owner/Operator.

The asking price for this Company is $7 million.

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