Annual Revenue: $4,843,772
Net Cash Flow: $1,889,071
Industry: Health Care, Medical
Location: Westchester County, NY
Point of Service – Multi-Discipline – Therapy Service
This company provides services under the New York State IPSIDD provision. (Independent Provider Services for People with Developmental Disabilities). The company currently serves a population base of approximately 600 patients. The total estimated population base covered by New York State under the IPSIDD program is estimated at around 130,000 people. The estimated market is $75,000,000 annually for services provided.
This program is funded by Medicaid (55% primary), Medicare (40% primary) and private insurance (5% primary).
The office provides comprehensive clinical services (physical therapy, occupational therapy, speech therapy, and psychotherapy) to individuals with intellectual and developmental disabilities (IDD).
Therapy is provided in a group home and individual home environments by independent therapists.
Growth/Expansion Opportunity: Practice is primarily focused in greater NYC area and Long Island. Demand is present across the entire state. Expanding geography served will quickly grow the company revenue.
Main Office: Main office is currently managed by the owner and 6 administrative staff.
Reason for Sale: Retirement
Transition: Owner will provide a smooth transition. First 30 days included in the sale. Additional is negotiable. Willing to stay for an extended period to assist in running the business.
Requirements: Majority owner of the practice 75.01% Equity owner has to be licensed by NYS as a therapist. 24.99% may be owned by a non-licensed individual. Management Agreement is a viable option in order to qualify for License.