Company Overview

PRIME exits and American HealthCare Capital are pleased to exclusively introduce a well established medical staffing company for sale in the Southeast. Specializing in placing RNs, LPNs, and CNAs, as well as direct support professionals such as BHTs and MHTs, the company’s staffing revenue is composed of approximately 50% travel nursing, with the remainder split fairly evenly between private contracts (such as nursing homes, hospitals, hospice facilities, and substance abuse/detox programs) and state/federal placements. The company is active on four different VMS’s and is an approved contractor for its state, as well as a GSA FSS and VA Schedule Holder.

Local per diem and government placements have been steadily growing over the years, with travel nursing placements experiencing the typical bump during Covid. Since then, the company’s travel nursing revenues have normalized and maintained a consistent, sustainable baseline.

Financial Overview

The company is on track to generate revenues of just over $8 million in 2024 after achieving $7.8 million in 2023 and $10.3 million in 2022. Adjusted EBITDA was $1.5 million in 2023 and $1.1 million in 2022. There is tremendous value in the existing local, state, and government contracts, and a strategic buyer with strong operational fundamentals could easily capitalize on the many unharvested revenue opportunities.

Staff Overview

The existing staff is expected to stay on, and the owner is open to either a full exit or partial sale and being a part of the company’s future growth.

Asking Price

The asking price for this opportunity is $7.9 million.