Aug 16, 2019 — XYOP1B - $2.5 Million Specialized Orthotic Bracing Company Located in the Midwest
Specialized Orthotic Bracing Company based in the Midwest. The company was founded with the mission of providing physicians with top-quality orthopedic rehabilitation products. They offer a variety of premium services and products, including Spine, Neck, Shoulder, Wrist, Knee and Ankle braces. The company has strong relationships with primary care physicians and pain management specialists who treat patients suffering from musculoskeletal conditions, trauma, injury, degenerative diseases and more. Their service area covers 4 states in the Midwest, with plans to add more.
The company’s primary payer mix is 50% Medicaid, 30% Medicare, and 20% private pay. Gross revenues were just under $2 million in 2017 and grew to nearly $2.5 million in 2018 with an adjusted EBITDA of almost $1 million. In 2019, they are on pace to match 2018 results.
The asking price for this opportunity is $4 million.