State:
South Carolina
Category:
Asking Price:
$900,000
Revenue:
$1,300,000
American HealthCare Capital is pleased to introduce a full-service Dental and Orthodontics practice with 2 locations for sale in the Charleston, South Carolina area. Combined, the business contains 15 fully functional operatories and can accommodate 12 more. Both businesses are equipped with state-of-the-art technology. Services provided include general dentistry, orthodontics, dental exams, dental implants, and much more. They are strategically placed in highly occupied areas and service patients throughout Charleston and the surrounding area. The company’s payer mix consist of 65% Private Insurance, 20% fee for service, and 15% Medicaid. Both practices combined had collections of $1,676,961 in 2015, with an adjusted EBITDA margin of $267,171 (15.93%). In 2016, they will generate approximately $1.25 million (approximately $1.7 million billed) in collections and the company is losing money. The decrease in revenue stems from poor billing practices and the sellers’ shifting their primary focus to other business endeavors. There is ample opportunity for organic growth by improving billing collections, increasing the hours of operation, and by expanding the number of operatories. The staff is expected to stay on under new ownership. The seller is looking to focus on other endeavors but would be willing to help during a short transitional period. The asking price for this opportunity is $900,000 ($500,000 and $400,000 respectively) and can be purchased individually or as a package. The material includes a breakdown of each facility.
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