State:
Virginia
Category:
Behavioral Health, Mental Health, & ABA Therapy
Asking Price:
$8,000,000
Revenue:
$8,700,000
American Healthcare Capital is pleased to introduce two (2) CARF accredited and state licensed mental health and in-home counseling agencies with 5 locations throughout Virginia. Both companies have been in business over 6+ years and their services include Intensive In-Home (IIH) services, Mental Health Skills Building (MHSB), Outpatient Therapy, Crisis Stabilization, bullying workshops/closed groups, parenting workshops, Psychoeducational groups, supervised visitation, and one (1) offers group home services in a 5-bed facility. The payer mix is 98.7% Medicaid and 1.3% Private Pay and both companies are contracted with several MCOs. The breakdown of adult versus youth services by revenue is approximately 65.52% from adult and 34.48% from youth. In 2018, the companies generated a combined $5.4 million in revenue with an adjusted EBITDA of $985,478.27 (18.34%). In 2019, they grew to a combined $7.4 million in revenue with an adjusted EBITDA of $1,683,524.51 (22.68%). Based on their performance from January – May of 2020, they have a combined revenue run rate of $8.7 million. All employees are expected to stay on under new ownership and management is in place ready to take over the seller’s responsibilities, who is willing to assist during a transition. The asking price for this opportunity is $8 million. The sellers are also willing to sell each of their businesses separately.
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