Annual Revenue: $9,397,205
Net Cash Flow: $2,285,343
Industry: Health Care
Location: New York City, NY
The company is a provider of neuropsychological evaluations and cognitive therapy for patients who have suffered from concussions and traumatic brain injuries (“TBI”). It renders its services in the New York metro and tri-state area, with all 3 of its offices in New York City. The Company has developed a distinguished reputation in the field of rehabilitation through the use of state-of-the-art computer-driven programs for remediation and the latest advancements in research, therapy, and education.
Treatment services are administered by a team of specialist practitioners in neuro and clinical psychology. All treatment is adapted to the individual needs of each patient, facilitating recovery to the highest possible level of function in cognitive skills, including speech and language. Treatment typically spans six to twelve months and is largely covered by workers’ compensation.
Reason For Sale:
The owner will be retiring and would like to sell a majority (near 100%) equity.
Training & Support:
The staff is comprised of 35 medical, technological, and administrative professionals. All staff is expected to stay on under new ownership, and the owner will provide transition services as needed.
The Company operates in a highly fragmented industry with few providers that have successfully consolidated their service offering into a comprehensive platform. Typically, concussion and TBI treatment services are provided across varied environments, such as general rehab settings, emergency rooms, walk-in clinics, psychologist offices, psychiatrist offices, and neurologist offices. In fact, due to the complexity of organizing such a treatment plan, patients often fail to be treated at all. As a result, the company has limited competitors, if any, that provide comparable services in a focused and comprehensive manner.
Over the next five years, the Cognitive / Behavioral Therapist industry is expected to grow as more healthcare providers value the ability of behavioral health to mitigate overall healthcare costs. With expanded health coverage under the Mental Health Parity and Addiction Equity Act, an estimated 32.0 million Americans are expected to have access to mental health services, including behavioral therapy. Furthermore, healthcare plans will be required to include more preventive care services, such as depression screenings for adults and behavioral assessments for children, stimulating demand for behavioral therapists.