Our company is pleased to introduce a very profitable orthotics and prosthetics company based in a Detroit, Michigan suburb. The company was founded by its owner in 2014 and has an outstanding reputation for individualized patient care and providing the most advanced technological products. This well regarded company provides customized, complex orthotic and prosthetic patient care. The product mix is 60% prosthetics and 40% orthotics.
The company’s payer mix consists of Medicare, Medicaid and Private Insurance. The company’s growth rate has been very impressive since its inception. Revenues for 2015, the first full year, were $820,000, while Revenues for 2016 were $1.1 Million. Based upon the first four months of 2017, they are on pace to exceed $1.5 Million in Annual Revenues with an adjusted EBITDA of $450,000. In addition, growth could be achieved with stronger marketing efforts and expanding into other counties. The company recently procured two new hospital contracts which will result in increased Revenues.
The clinical and administrative staff is expected to stay on under new ownership. The seller would like to work with a new owner that has the infrastructure to continue the high growth rate.
The asking price for this opportunity is $1.5 Million.
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