The company is a well-established multi-specialty mental health practice with nearly 40 years of experience and has grown to become a leading mental health practice in the region.
It offers comprehensive clinical services, including psychotherapy, psychological and neuropsychological testing, biofeedback, psychiatric prescribing, and transcranial magnetic stimulation (TMS).
Key Strengths and Differentiators:
- Large Volume and Waitlist: The company has a substantial patient base and a long waitlist, indicating strong demand for their services.
- Multi-Specialty Approach: Their team includes prescribers, psychometricians, psychologists, and TMS specialists, providing a comprehensive approach to mental health care.
- Established Partnerships: They have contracts with five school systems, the Division of Vocational Rehabilitation, and Hackensack-Meridian, solidifying their reputation and reach.
- Training and Development: The company employs and trains students, investing in future talent and contributing to the mental health field.
- Virtual Services: Their large virtual practice expands their accessibility and reach.
- Experienced Staff: The support staff has an average of 10 years of experience, ensuring efficient operations and high-quality patient care.
- Psychological Testing Niche: The clinic has a strong focus on psychological testing, including autism evaluations, serving a specific market need.
Growth Opportunities:
- Increased Patient Volume: Hiring more therapists could significantly increase the number of patients seen.
- TMS Restart: The company is in the process of restarting its TMS services, which could attract additional patients seeking this specialized treatment.
- Virtual Psychotherapy: Expanding their virtual psychotherapy offerings could further enhance accessibility and reach.
Reason for Sale:
The primary reason for the sale is the owner’s retirement. The company has a partner who will be joining soon and an experienced operations manager in place, ensuring a smooth transition.
