Description

Multi-disciplinary therapy company located in Southern North Carolina that is for sale. They treat patients of all ages, specializing in Speech-Language Pathology and Occupational Therapy. Services include evaluations, IEP consultation, Occupational Therapy, reading clinics, screenings, social skills groups, speech therapy treatment and tele practice. Their service area spans 4 surrounding counties.

The company’s payer mix is 60% Medicaid, 30% direct billing to schools, and 10% Tricare. Their business is currently 90% Pediatric, but they have recently obtained their Medicare license and are growing their adult business. Gross revenues were approximately $1.6 Million in 2015 with an adjusted EBITDA of $250,000 and they are expected to do even better in 2016. Continued growth could be achieved with a stronger marketing effort.

Key staff are expected to stay on under new ownership and the sellers will assist during a transitional period as needed. The asking price for this opportunity is $1 Million. The real estate is not included but is also available for sale.

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