Jun 25, 2019 — DME company for sale in Central Illinois.
This well-established company is known for their exceptional service, and they are ACHC accredited. They provide the full array of DME products, specializing in CPAP and mastectomy products. They service a 30 mile radius from their office, which spans 3 counties.
The company’s payer mix is 65% private (patient) pay, 19% private insurance, 12% Medicare, and 3% Medicaid. Gross revenues were $1.9 Million in 2015 and $1.6 Million in 2016. This decline in revenue is reflective of cuts to CPAP reimbursement, but volume has actually increased. They are currently on track to gross around $1.6 Million again in 2017. The company is very profitable, with an adjusted EBITDA of around $375,000 (23%) in 2016, and they expect it to be the same in 2017. The sellers feel that growth can be achieved by adding additional service lines, as well as a marketing team.
The staff is expected to stay on under new ownership. The sellers would like to focus on other non-healthcare business ventures, but they will assist during a transitional period as needed.
The asking price for this opportunity is $1.4 Million.