Business Overview:
The March Group currently represents a well-established health care services provider specializing in services for patients with mental health disorders and developmental and physical disabilities. As one of the longest-running private case management providers in the Pacific Northwest, the company boasts a well-deserved reputation for dedicated care of the highest caliber. The company posted 2009 revenue of $3.6 million and $318,251 in EBITDA. Thereafter and through 2014, management is projecting annual revenue growth at an average rate of 10.7 percent, to top sales of $6.0 million by the end of the forecast period. Services center around Development Disability Agency (DDA) therapy (55 percent of sales); targeted services coordination, also known as case management (32 percent); and psychosocial rehabilitation (12 percent). A highly talented staff, ranging between 105 and 142 employees depending on need, includes RN's, licensed social workers, developmental specialists, intensive behavior intervention specialists, educators, and trained therapy technicians. Pricing is governed by Medicaid guidelines, with approximately 88 percent of billings directly reimbursed by Medicaid and the remainder billed to the school districts for which the company provides services. The company maintains six facilities and serves clients across a number of different counties. Totaling 14,500 square feet, five of the six facilities are company-owned and available for sale or long-term lease along with the business.
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Property Features and Assets:
The company maintains six facilities totaling 14,500 square feet, serving clients across a number of different counties. Five of the six facilities are company-owned and are available for sale or long-term lease along with the business.
Market Competition and Expansion:
As supported by a recent history of rising sales, management is confident that the company is well positioned to achieve growth beyond the current projections. Given appropriate investments by better-capitalized ownership, there are compelling opportunities to increase business well beyond current levels.
Reason for Selling:
Growth capital
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.