Company Overview

PRIME exits and American Healthcare Capital are pleased to exclusively offer a reputable mental health service provider for sale. Established in the mid-1990s, the company offers a wide range of therapeutic services, including individual, couples, family, and group therapy. They address various mental health issues such as anxiety, depression, trauma, and relationship problems, with specialized treatments like ADD/ADHD counseling, cognitive behavioral therapy, and medication management. The center also offers telehealth services for clients who need remote access to care.

Financial Overview

The company’s current payer mix is approximately 90% Commercial Insurance, 5% Medicare, and 5% Private Pay. Over the past few years, the company has increased in annual revenue and was profitable. In 2022, the company collected $2,207,320 in gross annual revenue with an adjusted EBITDA of $779,531. In 2023, the company increased by approximately 20%, collecting $2,652,206 in gross annual revenue with an adjusted EBITDA of $821,474. In 2024, they are on pace to collect approximately 2.7M in gross annual revenue by the end of the year with a projected adjusted EBITDA of approximately $850,000.

Staff Overview

The staff is expected to stay on under new ownership, and the seller would consider staying on for up to 2 years for the right opportunity.

Asking Price

The asking price for this opportunity is $2,950,000.