Medical Industry Staffing Company

Not Disclosed, WA
King County

Asking Price: Annual Revenue:
$7,500,000 Not Disclosed

Services: Human Resources & Staffing

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RE: Medical Industry Staffing Company Broker: Vishal Punj
Owner Financing is Available!
The seller will finance a portion of the transaction for a qualified buyer.

Quick Facts

Asking Price: $7,500,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: $2,300,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 344635781
Broker Reference #: HCS2022

Email or Print Listing

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Business Overview:

Looking for a business that solves a compelling problem? According to a recent study by McKinsey & Co, by 2025 the US will be short approximately 200,000 to 450,000 nurses in direct patient care, equating to a 10 to 20 percent gap in the marketplace. This medical staffing agency serves to help solve this problem by providing clinicians and healthcare professionals to long-term care and skilled nurse care facilities in Washington and Oregon.

The company has generated over $80M in staffing revenue in the last couple of years, created and maintained accounts with over 157 long-term care and skilled nursing care facilities across the Pacific Northwest and recruited, hired and onboarded over 900 clinicians onto its registry. Brand awareness has allowed the company to establish strategic accounts with state departments and agencies throughout the region. Revenue can be increased exponentially by hiring a recruiter to land accounts throughout the Pacific Northwest, Idaho and Alaska.

The business enjoys a virtual business model. Owner #1’s role is focused on systems, processes, and the occasional special project that requires an extra set of hands. Owner #2 is in charge of account management for strategic accounts, scheduling and management of personnel. Both owners work in the business full-time. A third full-time employee works as a booking coordinator for the lodging and travel of clinicians, earning a salary of $52,000 a year. The company has been able to leverage overseas contractors to drive significantly reduce labor costs. A team of six contractors coordinate recruiting, nurse onboarding, compliance, scheduling and call support at a rate range of between $5.50 per/hr to $8.00 per/hr. A second administrative team of two contractors facilitate timecard entry and perform payroll support at a rate of $15.50 per/hr and $6.00 per/hr respectively. The business also contracts with a local bookkeeper eight to ten hours a month at $60 per/hr.

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Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This may become a franchise resale opportunity.

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