Businesses That We Have Sold

Below are some of the businesses that Synergy Business Brokers has sold recently. We have experience selling companies in technology, manufacturing, construction, services, distribution, healthcare, engineering, transportation, and education.

Search Our Sold Businesses Based on Industry

Electronic Health Records (EHR) Software Company in NY Metro Area
Sigmund Software

We contacted a variety of potential buyers and received multiple bids, which allowed us to get the full asking price for this business opportunity. We had bids from software companies and private equity groups that were located in Canada, Europe, California, and the Washington DC area.  The full price offer came from a Canadian software company that was motivated to move quickly and had financing in place. The business sold in a little over 6 months from start to finish. Contact us to sell a software company or view our IT & software companies for sale.

Addiction Treatment Center with 4 Locations
Stewards of Recovery

Large Facility with approximately 100 employees across four locations in Idaho. They provide residential substance abuse treatment programs, partial hospitalization treatment, and an intensive outpatient program. We had many potential buyers for this business. The buyer that purchased it was an investment group that was acquiring multiple companies in the rehab and addiction treatment sector. Please contact us if you would like to sell your addiction treatment business.

Homecare Agency Certified in Medicare located in Norfolk County, MA
Globalcare

Business with both RNs and nonmedical home health aids. The owner was ready to retire and contact us because of our experience selling home care companies. We were able to gather a large number of potential buyers and obtain 3 different offers, including a full price offer that was negotiated.  The deal was closed in less than 6 months from start to finish.

Home Health Care Business in Litchfield County, Connecticut
Northwest Homecare, Inc.

A business that provides Home Health Care Aids to hundreds of elderly clients. We were able to introduce multiple buyers to the seller and obtained several bids. We negotiated the best terms and assisted the buyer in securing financing for 90% of the purchase price with the seller providing funding for 10% of the price. The buyer has a Nursing Aid business and wanted to expand his services to provide home health aides. Contact a Business Broker with experience selling multiple home healthcare businesses.

Family Medical Practice in Texas
Maverick County Medical

This general practitioner had a successful practice built up over many years. He was ready to retire and contacted us to find the right buyer for him. We were able to get multiple potential buyers, and ultimately the business was sold to a public company specializing in data-driven healthcare. He was comfortable with how they would take care of his patients going forward and will stay on after the sale to help with a transition. The business was sold for the full asking price 7 months from the Doctor’s first call to us. He was kind enough to write a 5-star review on Google for his appreciation of our work. Contact us to sell your Medical Practice or view our healthcare businesses for sale.

Large Mental & Behavioral Health Clinic
Savia Community Counselling Services

Mental & Behavioral Health Facility that provides treatment for mental health as well as addiction treatment. They offer both outpatient and therapeutic in-residence treatment. Their large team of multidisciplinary counselors and administrative staff consists of professionals with credentials that include MD, LDSW, PhD, LPC, MS, LADC, CASAC, CADC, and therapy dogs. We had a number of potential buyers and offers on the business. The best offer came from a large mental health company that has purchased multiple businesses from us. The advantage of using Synergy is that we bring competition to these deals and can get more value for our sellers by leveraging multiple offers with our repeat buyers. The business sold for 4 to 5X Net Cash flow.

Applied Behavioral Therapy (ABA) Clinic with Autism Specialty located in Greater Jacksonville
Growing Minds Outside the Box

The owner wanted to find the right buyer and we had a lot of  interest but most buyers were focused on the financials. One offered full price but wasn’t the seller’s ideal fit. It was important to the seller that she ‘feel a connection’ with the buyer. We found the perfect fit which was a couple from Georgia who are not practitioners but are passionate about the industry and the play-led methods employed, want to grow the business. The existing staff stays and the seller will consult and help grow the business. The Medicaid certification hurdle led to a decision to split the purchase structure for a smooth transition. This is what Medicaid calls a change in ownership and will approve 50% and less sale of a practice. There will be a 50% then 40% change in ownership and the seller retains 10% which the buyer can buy after a year.

Mental & Behavioral Health Facility
Blue Sky Behavioral Health

This business provides outpatient and inpatient residential services and partial hospitalization treatment for anxiety, depression, borderline disorder, substance abuse, schizophrenia, and more. They have a large staff with a variety of skill sets to provide a number of different effective treatments. After speaking with a number of interested buyers, the best offer came from a business that we had worked with before. They are a large mental and behavioral organization that has acquired a number of businesses in the sector and was growing through acquisition.

Medical Transportation Company in Western Massachusetts
MJ Transportation

The company provides non-emergency medical transportation for patients to get to and from their doctor appointments. The owner wanted to relocate out of state. We were able to find the right buyer and negotiate terms that worked for both parties. Contact us to sell your medical transportation business.

Home Care Franchise in Fairfield County, CT
Synergy Homecare

The seller was busy with a full-time job and didn’t have time to devote this business. We located a buyer that had time to invest in growing the company and was able to get an exclusive territory and ongoing clients.

Home Healthcare Services Company in Texas
Big Country Health Services

We were able to sell the business in less than 3 months for the full asking price to a buyer with experience in the industry. The company offers services that include skilled nursing, physical therapy, occupational therapy, medication management, speech therapy, home health aides, nutritional care, wound care, diabetes management, IV infusions, and more. The buyer was able to obtain SBA financing with only 5% of the purchase price as a down payment. The home healthcare business for sale was located in the Abilene, TX area.

Pediatrics Medical Practice in McHenry County, Illinois

Practice with multiple doctors, and the owner was ready to retire. We located a couple of potential buyers. The seller chose the best offer and will stay on after the sale to help with a transition. The deal was closed in 6 months from the time the seller first contacted us.

Healthcare Staffing Franchise in Michigan
ATC Healthcare Services

This company was 2 Healthcare staffing franchises and 1 home health care franchise in MI being sold as a package. The staffing side was growing quickly with state contracts staffing prisons and jails across the state.  With 90% of revenue coming from the state contracts, the first 2 offers contained earn outs based on the state contracts renewing in 3 years.  The seller understandably wouldn’t take it.  Our buyer made an offer of $4.2 Million which was 75% cash at the closing and 25% seller financing over 5 years and the seller accepted it.  The buyer was a strategic buyer who owns a software company that serves the staffing industry so he plans on implementing his software in the franchise and may try to sell it to the franchisor to roll out across all other franchisees.    The buyer borrowed from a specialty finance company which had its own pool of funds, more like a PE firm. They required a quality of earnings report and they even sent someone to visit the franchisor’s corporate office with the buyer.  We were very fortunate to find this buyer because a franchise coupled with high customer concentration takes the right kind of buyer.

Pain Management Medical Practice in Alabama
Medical Center Plus

They provide Pain Management with various services, including physical therapy, chiropractic, injections, plasma, wave therapy, electrical stimulation, and more. Multiple doctors and nurse practitioners with various specialties are in the practice.  We had numerous potential buyers and were able to sell the practice for the full asking price to an investment group of physicians.

Medical Collections Company
Ctech Collections

A business with over 1,000 active clients, including all medical and dental specialties. We had several offers, including other collection agencies, a private equity firm, a large medical company that was acquiring multiple companies, and an attorney that owned a legal practice. The buyer who ultimately purchased the business was the attorney who wanted to add to his current law office capabilities.

Drug Addiction Treatment Practice in Cincinnati, Ohio
Center for Health & Innovative Learning

This drug rehab practice provides evidence-based treatment for opioid addiction, combining psychiatry with Suboxone medical support to stabilize prescription drug/opiate addiction and facilitate recovery. All revenue is generated from private pay (no insurance) with consistently high gross margins, low overhead, and 6 physicians. We received a lot of interest. Our first strategic buyer was a large addiction treatment facility that was expanding through acquisition. However, the best offer came from an individual doctor with SBA lending.

Psychiatric Practice with Mental Health Counselors in Maryland
Bowie Town Behavioral Services

Practice with multiple locations with psychiatrists, physician assistants, nurse practitioners, and licensed psychotherapists. We had a number of potential buyers, but it took some time to find a buyer who would pay what the seller was looking to sell for. The buyer was someone who had experience in the business and was confident they could grow the business to the next level. The business was sold for about 3.5X net cash flow.

Preventative Wellness Center in Fairfax County, Virginia
Proactive Wellness Centers

Alternative Healthcare Company has several locations, one of which focuses on Bioidentical Hormone Replacement Therapy and GAINSWave therapy. They treat chronic illnesses like Lyme disease and Mold toxicity with effective alternative medical practices. We received several offers, and the one they selected allows them to receive significantly more than their asking price through profit-sharing payments in addition to their guaranteed payments.

Sleep Disorder Treament Center in Louisiana
Sleep Disorder Center of Louisiana
They offer in-home sleep diagnosis, sleep lab testing, and telemedicine consultations. They treat a variety of sleep disorders. The buyer was a larger sleep center with multiple doctors in Maryland that was PE-backed. The PE firm has a roll-up strategy of purchasing multiple sleep disorder businesses. They purchased 80% of the business with the right to buy the full amount. The seller will stay on after the sale to help with the transition.
 
Medical Imaging Testing Center in Miami, Florida
HCI Healthcare Imaging of Kendall LLC

The business does testing that includes MRI, CT-Scans, Bone Density, X-Rays, Ultrasound, and more. To meet the seller’s expectation on the price we needed to contact a large number of potential buyers. The buyer that made the best offer was from South America. The seller had concerns about going with an international buyer but we were able to make the deal work.

Internal Medicine Practice in Boston, MA area
Dr. Gregory Talalayevsky

The doctor had been practicing for over 30 years and was ready to retire. We had several buyers, but ultimately we sold the business to a large internal medicine practice that has locations in over 15 different states and is growing through acquisitions. The seller will stay on after the sale to help with a transition.

Medical Equipment Services & Testing Company
East Coast Biomedical Service

This Well-Established Ambulatory service company services over 80 ambulatory surgical centers within the New Jersey, and Philadelphia markets. They have recurring revenue with repeat clients. We had some potential buyers from within the healthcare industry however an individual buyer that was involved in a family real estate investment firm had been looking at a couple of companies that we had for sale. He liked this company the best and made a full-price offer. He wanted to own his own business separate from his family office investment firm and he liked the recurring revenue business model. The buyer was able to pay the seller in full at the closing with SBA financing and a 50% down payment to the bank.

Homecare business
Milford Homecare

The seller initially came to us and wanted much more than the market value for his business, so we advised him that we would be unable to achieve his goals. As time went by, the seller reached out to us again. We priced the business aggressively and were able to sell the business within 5 months of listing.

Electronic Components Manufacturer for the Healthcare Industry
Ram Technologies

This Company designs and manufactures highly specialized electronic components used by numerous manufacturers for the healthcare industry as well as other specialized uses. One of their niches is manufacturing power supply components, cables, and accessories for medical equipment – specifically echocardiograms. They are an ISO 9001 certified facility and a Tier One supplier to several major manufacturers that use these components exclusively to manufacture and assemble their finished products. We spoke to some companies in the industry that made offers, but the best offer came from an individual that we had a prior relationship with that was looking for this type of company.

Adult Foster Care & Healthcare Staffing Business in Norfolk County, MA
The business provided licensed health care professionals such as nurses, home health aides, and therapists, to  Adult Foster Care Homes as well as hospitals, doctor’s offices, and more. The business was purchased for the full asking price by a $1.5B revenue diversified health care company owned by a private equity firm.  The business was sold for a multiple of approximately 5X the annual net cash flow.  The business has 250 clients that they serve with a team of in-house employees as well as some independent contractors. We received a signed offer letter for the full price that was accepted after only one month from the start of marketing the company.
Nurse Practitioner Medical House Call Practice
Nurse Practioner Professional Resources House Calls

The business provides in-home primary care, including physicals, medication management, dementia assessments, wound care, vaccinations, telehealth, medical testing, and more. They are based in Camden County, NJ, and service the counties of Atlantic, Cumberland, Burlington, Gloucester, and Salem. The business was sold to a NY City buyer that had a background with executive positions in healthcare companies. Contact us to sell your nurse practitioner business.

Mental Health & Psychotherapy Business

Large Counselling practice with 30 therapists has been sold. They provide counseling for anxiety, depressions, ADD, Autism, Substance Abuse, Psychosis, and more. Their services included telemedicine, in-home house calls, as well as in-office counseling. They serve individuals, families, vocational mentoring, and more. The business was purchased by another mental health business that wanted to expand through acquisition. The business was sold in less than 5 months from the time we started on the assignment. We assisted with SBA financing so that the seller was able to receive almost all of the proceeds at the closing.

Digital Healthcare SaaS company

This company specializes in access management solutions and launched in mid-2022. It initially focused on the senior living industry but is flexible enough to adapt to various sectors, including laboratories, medical facilities, and educational institutions. Despite its promising solution, the company faced challenges due to its limited financial records and stagnant growth. The owners, open to creative deal structures, sought a buyer willing to invest in the business and provide a structured earnout. After some unsuccessful offers, a buyer emerged in July 2024. By September, a deal was being worked on to acquire 51% of the company. This strategic move involved purchasing shares from other business members, marking the culmination of the transaction this month.

Health Care business for Psychotherapy, Physical Therapy and Occupational Therapy
MHH Clinical

We had several inquiries and sold the company to someone that had experience in the industry and was able to bring their expertise to the business with the help of a transition from the owner to ensure that ongoing care was provided to their patients. Contact Synergy Business Brokers to sell your psychotherapy, Physical Therapy, or Occupational Therapy business.

Home Care Business
Quality Homemakers, Inc.

The owner had the business for 25 years and has two locations. Due to our experience selling multiple homecare businesses, she hired us to sell her business. We introduced several potential buyers, but the one that gave the best offer was from an individual who like the growth prospects of the company and industry with an aging population. It was also within commuting distance of his home. He didn’t have all of the funds to purchase the business so we introduced our banking contacts who were able to provide the buyer with financing to enable the seller to get paid at the closing with a small amount that would be paid in the future after the seller assists with a transition.

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