This well-known, established Company provides practice management and administrative services to doctors and other clinicians who provide out-patient behavioral health services to private clients and to patients referred to hospitals and nursing homes. In support of the practice management services, The Company provides in-house Psychiatric evaluations, complete neuropsychological testing, assessments and treatment services, counseling and medication management. Comprehensive laboratory services include EKG, Drug Screens, blood work ups and sleep lab evaluation. Detoxification services include alcohol and all drugs and substances with directorship to methadone maintenance programs. The Company provides MEPS military screenings and performs research trials as a contracted site for several fortune 500 pharmaceutical firms.
Sales are generated through the company’s 20 year reputation for providing quality services and cutting edge technology to the large and demographically growing region. Operating from two locations, the company sees continued strength in core services which are benefitting from national trends which increasingly recognize treatments the Company provides.
This opportunity is expected to be an excellent platform for another management company or as an add-on for a strategic buyer who has compatible services or a geographical fit.
|Cash basis||2015 (*10/31)||2014||2013||2012||2011||2010|
* 10/31 financial information is for the first 10 months of 2015.
All the furniture, fixtures and equipment used in the business will be included in the sale free and clear of all liens. A list of major items is included in the full profile on this Company.
Also included in the price will be net working capital of $427,000. Net working capital is defined as accounts receivable and inventory less accounts payable.
Accounts Receivable: $600,000
Accounts Payable: $175,000
Cash in the bank is specifically excluded from this sale and will be retained by the seller.
Company Headquarters/clinic -8000 sq. ft.
Satellite clinic – 5000 sq. ft.
$8,599/mo. - HQ
$1,058/mo. - Satellite
Hours of Operation:
9:00 am to 9:00 pm M-Th.
9:00 am to 5:00 pm Fri.
9:00 am to 1:00 pm Sat.
24 hour coverage, service and on call clinicians.
Reason for Sale:
The owner will assist the buyer during a customary transition period and may stay on with the company for an agreeable term.