$7.5 Million I/DD Foster Care, Respite Care, And Adoption Agency

The agency was a reputable and leading provider for Foster Care, Respite Care, and Adoption Services for children and adults with Intellectual Developmental Disabilities in the state of Arizona.

After 18 years of owning and operating this business, Michael B., founder, decided it was time to retire and sell his company.

Client

18-year-old leading I/DD Behavioral Health Agency.
Respite Care, Foster Care, Adoption Services.
Various forms of Medicaid and Tribal Community payors.
$8 million in revenue, 12% in adjusted EBITDA.

Objective

Identify a buyer who would pay a premium for the business.
Allow our client to retire shorty after the deal closed.

Result

Sold company to a national private provider of similar services.
After much negotiating, the purchase price reached the target we set in the beginning of the process.
Cash offer with a minimal holdback for reps and warranties.
The deal closed just after 6 months, the purchase agreement was signed after 5 months.

“I knew it was time to sell my business and after considering multiple intermediaries, I decided to select Mike Moran. I was extremely satisfied with the outcome and Mike specifically because of his attention to my needs, his tenacity, and ability to negotiate the exact outcome I required. Throughout the process, I felt Mike was on my side entirely and had my best interest in mind. He was also unconditionally available throughout which was very important to me since I had never sold a business before. I would highly recommend Mike Moran to represent your business in a sale.”

Michael B.
Founder and Former CEO

Questions about the sale process or current multiples within your unique healthcare segment?