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May 16, 2019 — DME company for sale in the Philadelphia, Pennsylvania area.
This well established company has built a great reputation in the community, serving clients within a 50 mile radius of their retail stores. They are a full service DME company specializing in respiratory products, incontinence products, post-mastectomy products, and wigs.
The company’s payer mix is 38% Medicaid, 31% private insurance, 14% Medicare, 7% patient pay, 5% liability insurance, 4% Medicare Advantage, and 1% Worker’s Comp and other contracted payers. Gross revenues were over $800,000 in 2018 but are on track to reach $1.2 million in 2019 with the elimination of competitive bidding. Adjusted EBITDA is expected to be in the $200,000 range.
The staff is expected to stay on post-acquisition, and the sellers will assist during a transitional period as needed. The asking price for this opportunity is $800,000, plus the cost of any unused inventory.