PRIME exits and American HealthCare Capital are pleased to exclusively present an $11.7 million revenue physician staffing company located in the suburbs of a major east coast metropolitan city. The areas of specialty are ICU, Hospitalist, and Pulmonary medicine, and the company has multiple contracts with several area hospitals across these disciplines.

Financial Overview

In 2021, revenues were $6 million with an adjusted EBITDA of $1.19 million. 2022 saw an increase in revenues to $8.87 million with an adjusted EBITDA of $1.51 million. In 2023, the company’s revenues topped $10.6 million with an adjusted EBITDA of $1.42 million. The decline in 2023 EBITDA is explained by the acquisition that year of a complimentary business, but the cost efficiencies and synergies of that merger are manifesting in 2024. Due to census expansion with current clients and the addition of new contracts in the second half of 2024, the company’s 2024 forecast is for a 10% increase in top line revenue to $11,700,000 with an adjusted EBITDA of at least $1,755,000.

Staff Overview The owners feel that the company is at a stage in its growth where it would benefit from the financial and strategic resources of an organization capable of accelerating scalability. The company fully expects their management team and clinical staff to remain in place, and the owners would certainly stay on to assist the new buyer with the transition, as well.

Asking Price

The asking price for this opportunity is $10.5 million.