Home Medical Equipment and Custom Oxygen Solutions Company

Lake County, IN

Home Medical Equipment and Custom Oxygen Solutions Company

Asking Price:$3,500,000

Cash Flow:$1,011,000

Gross Revenue:$4,000,000

EBITDA:$1,011,000

FF&E:$2,400,000

Inventory:$202,000

Rate/Sq. Ft.:N/A

Established:1990

Home Medical Equipment and Custom Oxygen Solutions Company

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Business Description

This is a full service Home Medical Equipment Services company focused on Non-Medicare Payers, PAPs, Pediatrics & Enteral Nutrition. In addition, this company is a leading service provider in its territory for supplying Long-Term Care facilities with CUSTOM OXYGEN SOLUTIONS.

This company currently services over 2500 patients with Home Medical Equipment and over 500 business with Oxygen and Gas Service in Northwest Indiana and South Chicagoland.

With trusted referral relationships, exclusive provider relationships with the Indiana Managed Care payers and a sterling customer service reputation, it is poised for long-term growth.
Due to Medicare Legislation, there was a large paradigm shift in the Home Medical Equipment industry over the past 3 years, this company has gone through a significant restructuring to move away from Medicare business over that time. The restructured business has doubled its EBITDA each of the last 2 years, with the current pace at 20% or > $1 Million annually, adjusted for owners value.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
N/A
Employees:
32
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Rental Equipment >$2,000,000 replacement value. Fixtures and Oxygen Fill and Hydrostatic Test Equipment $400,000.
Competition:
Very little competition in the region with non-medicare major home medical equipment service lines. Oxygen supply business is very competitive regionally but this company has a compelling value proposition of providing Custom Oxygen Solutions with proven superior levels of service that has yielded an increase of over 100 customers the last 2 years.
Growth & Expansion:
This business has growth opportunities in every service line: Hospice Service, Sleep Therapy, Enteral Nutrition, Oxygen Supply and Pediatric Services. Sleep Therapy services have already doubled over the past 18 months, with further growth potential on the horizon.
Support & Training:
Owners are flexible with support and training going forward
Reason for Selling:
Retirement

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