Annual Revenue: $2,384,112
Net Cash Flow: $349,223
Industry: Health Care
Location: NYC, New York
The company is a sleep medicine diagnostic laboratory and treatment center, providing hi-tech scientific solutions for sleep apnea, bruxism, insomnia, and related sleep disorders. The business is heavily relied upon due to its efficacy and expedience in administering technician-monitored sleep tests.
All major hospitals, a large number of medical centers and private practice physicians refer patients to the lab. In addition to in-lab-services, home testing kits and solutions are provided to patients as well. Treatment-side, the company administers CPAP, airway stimulators, oral appliance therapy and dental solutions to remedy patient sleep disorders. The company is fully licensed and credentialed to receive a diverse range of insurance payors who comprise over 40,000 clients.
FFE: $43,895 (Included in Price)
Inventory: $116,196 (Included in Price)
Reason For Sale:
The owner is relocating to advise family in running a separate healthcare comp.
Training & Support:
A fully-staffed billing and collections team runs back-office operations and supports patient scheduling and visiting through management software.
Year Established: 2009
Monthly Rent: $26,000 /Month
Type of Location: Leased
Square Footage: 7,324 SF
The facilities are ultramodern and high-tech, utilizing advanced technology in hotel-like rooms to provide patients with maximum comfort and privacy. While running the diagnostics, a specialized software scans sleep patterns and provides immediate results. In addition, the company provides transportation to and from the facility at the convenience of the patients.
Since the owner is not a Medical Doctor he pays a significant licensing fee, that would otherwise add 20% to revenue and go straight to the bottom line. All strategic buyers can be suitable, though ideal acquirers are Medical Groups that include Sleep Specialists, Neurologists, Pulmonologists, ENT doctors, Bariatric Surgeons, or related MD Consortiums ie. hospitals and private practices. In addition, the owner is currently building out a license to sell Durable Medical Equipment (DME) that would add diversity to revenue streams and synergize with current operations. The company offerings lend themselves to a wider footprint and can scale significantly under both short and long-term management.