Behavioral Health and Medication Admin Practice – Has Accepted Offer
Price: $4,900,000
Annual Revenue: $4,600,000
Net Cash Flow: $1,200,000
Industry: Health Care
Location: Hartford County, Connecticut
This business has an accepted offer. Please view our other Healthcare Companies for sale.
This company provides Mental Health Services – Therapy as well as Medication Administration to a select group of patients. Basic service areas include – ADHD, Anxiety Disorders, Depression, LGBTQIA+, Mood Disorders, Personality Disorders, PTSD, Substance Abuse Disorders, and Trauma. Other Specialty Services are offered. Business has grown at a remarkable pace with EBITDA increasing by over 200% in the last 12 months alone. The owner is selling due to other business interests –lack of time to devote to this business, ability to maintain and continue growing this business.
New Ownership Requirements: Connecticut requires this company to be owned by a licensed professional qualified in the medical field i.e., MD, APRN, NP. The business can be operated under a Management Agreement. The owner will remain active to offer an orderly transition.
Staff: The Staff consists of the Owner who holds the license in Connecticut. The balance of the staff consists of Professional Staff – MD, NP, PMHNP, Office Staff, Support Staff and Therapists. As of 12/2023, the total staff consists of approximately 60 W2 and 1099 Employees.
Location
Facilities Information:
The business operates out of multiple medical office locations in the Western Part of Connecticut.
All Facilities are Leased under favorable market rates. Leases can be extended under new ownership.
Summary
Potential Growth:
The new owner can expand the services offered geographically within the State of Connecticut. Current ownership has identified 3 new office locations to open in 2024.