May 12, 2020 — CAOP1B - $2.2 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 1998 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. Preliminary Revenues for 2019 were in excess of $2.2 Million. The company had an adjusted EBITDA of approximately $800,000 in 2019.
Significant growth could be achieved with stronger marketing efforts and expanding into nearby local areas. The satellite office is currently opened two days per week and can be expanded.
The clinical and administrative staff is expected to stay on under new ownership. The founder/owner would like to work with a new owner continuing to take care of patients.
The asking price for this opportunity is $2.75 Million.
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