Annual Revenue: $1,265,780
Net Cash Flow: $443,690
Industry: Health Care
Location: Middlesex County, New Jersey
This practice provides therapeutic services for Anger Management, Anxiety, Depression, Eating Disorder Behavior, Panic attacks, Self-harming, and suicidal tendencies along with Dual Diagnosis. Services are also provided for Bipolar Disorder and ADHD and Psychosis. The practice is licensed by DCF and DMHAS.
Set in an outpatient facility, the practice provides distress tolerance, emotion regulation, interpersonal effectiveness using DBT, and other therapy disciplines. The current census averages between 55-65 patients and have the opportunity for expansion. This practice provides services covered by insurance and is in-network with major providers in the market they serve.
Employees: ABSENTEE – Fully Staffed nine employees – Managers Therapists, Full-Time Therapists, Part-Time Therapists and a Psychiatrist on Staff.
Reason For Sale:
Training & Support:
The owner will provide a smooth transition. 30-day transition. Additional based on agreeable employment arrangement. Key staff in place will remain post-sale for the new owner.
Absentee Owner?: Yes
At present, this business is run ABSENTEE – with minimal ownership involvement and supervision. A hands-on operator or larger organization that can deploy resources to facilitate growth would have a positive impact on the practice. The practice currently has an active client database, which is growing at a steady pace. Additional resources focused on marketing, program offering expansion, and developing services offered in existing verticals and increasing the census via organic growth would facilitate the normal growth of the practice. The practice is licensed for PHP and IOP and currently provides services at a minimum level in these areas of care. The opportunity exists to develop a FULL continuum of care in these areas.