Details - Information last confirmed on September 3, 2020
XYMED1E - Highly Profitable Community Immunization and Wellness Services Company in the Pacific Northwest
Our firm is pleased to introduce a Corporate/Community Immunization and Wellness Services Company based in the Pacific Northwest. The company has been in business for over a decade providing immunizations and biometric testing services. They work with businesses to provide immunizations to employees on-site.
The company’s primary payer is private insurance with a small amount of Medicare and Medicaid. Gross revenues have steadily grown over the past few years, going from over $1.3 million in 2017 to nearly $1.7 million in 2018 and a projection to exceed $2 million in 2019. They are extremely profitable with an adjusted EBITDA of $789,077 (46%) in 2018, and they are on pace to have similar margins in 2019. The company has enjoyed 10-15% annual new client growth due to new client acquisition and increased payer reimbursement. They feel the business is highly scalable to new geographic markets with minimal competitive headwinds to negate growth.
The owner is looking to retire but expects the remaining staff to stay on under new ownership. The asking price for this opportunity is $5 million.
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