$18 Million Medical Support and Staffing Agency
2016
Business Summary
This opportunity consists of a US and International Full-Service Medical Support and Staffing company headquartered in the Midwest.
The company is certified for Healthcare Staffing and holds a full accreditation in Ambulatory Healthcare from the Joint Commission. Their clients include Governmental entities, US Government Contractors, and various Private sector clients. For each of their clients, the company is dedicated to the provision of complete turnkey healthcare services. Some of their services include Employerbased Primary Care Clinics, Onsite Clinic Services for Construction projects, Occupational Physical Examinations, Drug Testing, Lab and X-ray services, Annual Immunizations, and Emergency Medical Services (EMS).
The payor breakdown is 100% Private and Public entity payments. Since they are not fee for service, the company is not impacted by insurance reimbursement challenges. In 2014, they generated over $19.1 Million in revenue with an adjusted EBITDA margin of 7%. In 2015, the company is on track to gross approximately $10 Million in revenue and will breakeven. The loss in revenue was due to major projects ending in Afghanistan concurrent with the US troop drawdown that occurred in 2014 and 2015. The company has since secured and won over $50 Million in new contracts with a major US government agency and is expected to generate approximately $18 million in revenue for 2016. They currently employ 115 staff members in 15 states and 3 countries.
The seller would like to continue as CEO and is looking to sell in order to better stabilize their current surge in growth. The asking price for this opportunity is to be determined.
