State:
Michigan
Category:
DME & HME
Asking Price:
$1,900,000
Revenue:
$1,900,000
Company Overview
PRIME exits and American HealthCare Capital are pleased to introduce a DME and Medical Supply company for sale in Central Michigan. The company has been in business for over 20 years providing manual wheelchairs, power wheelchairs, hospital beds and supplies, patient aids, respiratory equipment, and more. They serve a 17-county area.
Financial Overview
The company accepts numerous insurances. Their current payer mix is 40% Medicare, 40% Blue Cross PPO, and 20% other insurance. The company has seen significant, steady growth over the past few years. They grossed $773,994 in 2020, $1,119,993 in 2021, and $1,549,604 in 2022 with an adjusted EBITDA of $209,000. The gross revenue for 2023 was $1,921,749 with an adjusted EBITDA of $546,431.
Staff Overview
The staff is expected to stay on under new ownership, but the owner would like to pursue other ventures.
Asking Price
The asking price for this opportunity is $1.9 million plus the cost of unused inventory.
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