Company Overview

PRIME exits and American HealthCare Capital are pleased to exclusively introduce a DME & Medical Supply company based in Massachusetts. The company is dedicated to the sale, rental, and delivery of durable medical supplies, specializing in breast pumps, compression garments for both lower and upper extremities, post-mastectomy items, rollators, walkers, seat lift chairs, and more. They serve clients in Massachusetts, Rhode Island, Connecticut, and New Hampshire.

The company sells products online on their website and also has a retail store. They have 2 NPI numbers, one for DME and one for O&P, and they are BOC accredited (Board of Certification/Accreditation). They accept most insurance plans.

The company’s payer mix is 65% Medicaid, 15% Medicare, 10% Insurance, and 10% private pay (cash). Their product mix is 65% breast pumps, 25% compression and O&P, and 10% retail DME, which includes walkers, wheelchairs, seat lift chairs, etc.

Financial Overview

Gross revenue has mostly been in the $3.6 to $3.8 million range for the past 5 years. In 2023, they gross over $3.8 million. In 2024, they expect to so about the same with an adjusted EBITDA above $500,000 or around 14%.

Staff and Exit Plan

Current ownership plans to exit but will assist during a transitional period as needed. The remaining staff is expected to stay on.

Asking Price

The asking price for this opportunity is $2 million. It does not include new/unused inventory, cash, debt, or receivables.