Company Overview

PRIME exits and American Healthcare Capital are pleased to exclusively present a Substance Abuse facility that serves adults and adolescents in Ohio. For the past decade, the company has served the community and grown its reputation as a leading service provider and brand in the Midwest. Services provided include substance abuse, mental health counseling and treatment, Medical Assisted Treatment, Sober Living, IOP, NIOP, Youth substance abuse and mental health, and substance abuse/mental health case management.

Financial Overview

Roughly 90% of their business is Medicaid with commercial insurance comprising the remaining 10%. Approximately 80% of their clients are adults (18-50 years old) and 20% are adolescents (4-17 years old). In 2022, the company grossed $5,530,000 in revenue with an adjusted EBITDA of $1100,000. In 2023 the company grossed $4,934,580 with an adjusted EBITDA of $1,300,000. In January, 2024, Ohio raised their Medicaid rates across the board for all services by 10%. This increase in revenue will add approximately $300,000 to the bottom line. In 2024 the company is projected to gross $4,800,000 with an adjusted EBITDA of $1,600,000.

Staff Overview

The owners are open to staying on for a period of 12 months and ultimately plan on retiring. There is management in place to take over post- acquisition.

Asking Price

The asking price for this opportunity is $8 million.