Jul 3, 2019 — CAOP1B - $2.75 Million Orthotics & Prosthetics Company located in Southern California
Multi-location orthotics and prosthetics company based in Southern California. The company was founded by its owner in 1981 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% orthotics and 40% prosthetics.
The company’s payer mix consists of Medicare, Medicaid and Private Insurance, as well as direct business with area hospitals. The company has recently experienced impressive growth. Revenues were in excess of $2 million for both 2017 and 2018. First Quarter Revenues for 2019 were $689,400, putting them on track to reach $2.75 million for the year. The company had an adjusted EBITDA in excess of $800,000 in 2018.
Significant growth could be achieved with stronger marketing efforts and expanding into nearby local areas. The satellite office is currently open two days per week and can be expanded.
The clinical and administrative staff is expected to stay on under new ownership.
The asking price for this opportunity is $2.75 million.