Aug 15, 2018 — Point of Service – Multi – Discipline – Therapy Service
This company provides services under the New York State IPSIDD provision. (Independent Provider Services for People with Developmental Disabilities). The company currently serves a population base of approximately 600 patients. The total estimated population base covered by New York State under the IPSIDD program is estimated at around 130,000 people. Estimated market is $75,000,000 annually for services provided.
This program is funded by Medicaid (55% primary), Medicare (40% primary) and private insurance (5% primary).
The office provides comprehensive clinical services (physical therapy, occupational therapy, speech therapy and psychotherapy) to individuals with intellectual and developmental disabilities (IDD).
Therapy is provided in group home and individual home environments by independent therapists.
Growth/Expansion Opportunity: Practice is primarily focused in greater NYC area and Long Island. Demand is present across the entire state. Expanding geography served will quickly grow the company revenue.
Main Office: Main office is currently managed by owner and 6 administrative staff.
Reason for Sale: Retirement
Transition: Owner will provide a smooth transition. First 30 days included in the sale. Additional is negotiable. Willing to stay for an extended period to assist in running business
Requirements: Majority owner of the practice 75.01% Equity owner has to be licensed by NYS as a therapist. 24.99% may be owned by non-licensed individual. Management Agreement is viable option in order to qualify for License.
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