$600,000 Multi-Location, Outpatient Physical Therapy Practice in North Carolina.
American HealthCare Capital is pleased to offer a multi-location, Outpatient Physical Therapy Practice for sale in North Carolina. The company provides a variety of Physical Therapy services, including Sports Injuries with a primary focus on Sciatica Pain, Shoulder Injuries, Neck & Back Pain, Knee Pain, Hip Injuries, Elbow and Wrist, Foot & Ankle, Balance and Work-related Injuries.
The company’s current payer mix is approximately 45% Private Insurance, 35% Workers compensation and 20% Medicare. Over the last two years, the company has remained consistent in annual revenue. Over the last two years, the company has remained consistent in annual revenue but declined in 2019 due to the owner stepping back from the business. In 2017, the company generated $615,958 in annual revenue with an adjusted EBITDA of $86,659. In 2018, they generated $685,866 in gross collected revenue with an adjusted EBITDA of $122,231. In 2019, they generated $573,502 in gross revenue collected with an adjusted EBITDA of $35,928. In 2020, the owner has returned full-time and they are projected to collect approximately $650,000 in annual revenue.
The asking price for this opportunity is $375,000.