$8.7 Million Mental Health Counseling And Outpatient Therapy

These Counseling and Outpatient Therapy providers are both CARF-accredited and state-licensed, allowing them to provide mental health and in-home counseling services across 5 locations in Virginia.

Both owners approached Mike Moran with the intention to identify a single buyer and sell their agencies together.

Client

$8.7 Million Youth and Adult In-Home Mental Health Counseling and Outpatient Therapy Agencies located in Virginia.
In business for 7 and 15 years, respectively.
Clients were selling to pursue other initiatives outside of the healthcare industry.

Objective

Conduct two separate diligence processes for each company to consummate in a simultaneous closed transaction.
Sell the business for a premium despite the effects of COVID-19.
Maintain the core staff of each business after the company is sold.

Result

After numerous competitive offers, the company was sold for a premium to a strategic company searching for a platform in the Virginia market.
After a short transition, our clients were able to focus entirely on their other business ventures.

“Mike was a responsive and knowledgeable advocate in this process. He had the stamina to get through the long, arduous diligence process and he took the time to explain the process to us step by step. I highly recommend him for all your M&A needs.”

Damion M.
Former Owner and Operator

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