Diabetic and Medical Equipment Provider to Patients

Mid West

Diabetic and Medical Equipment Provider to Patients
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $3,000,000

EBITDA: $93,000

FF&E: N/A

Inventory: N/A

Established: N/A

Diabetic and Medical Equipment Provider to Patients

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Business Description

The Company is a diabetic management and wellness company providing in-home professional services and medical equipment to treat and prevent diabetes and its complications.

The Company’s core products and services in 2018 included: Diabetic Shoes (38% of 2018 revenue); MNT-RD Services (17%); Insurance (8%); Medicaid Incontinence/Orals (9%); Orthotics (20%); Diabetic Supply (1%); and Other (7%).

Management estimates the Company’s customer base consists of over 15,000 customers, with no one client making up a significant amount of revenue. The Company targets older demographics and services the Medicare and Contracted Private Insurer customer markets.

Detailed Information

Growth & Expansion:
* Outstanding Growth Opportunities: There exist several opportunities for the Company to significantly increase revenue and profit, including leveraging its proven reputation to pursue and penetrate new and existing markets. These opportunities are attainable given appropriate investments in capital and human resources. * Growing Market: The medical equipment and supply wholesalers industry is expected to grow at a CAGR of 4% between 2019 and 2023. * Attractive Market Demographics: Demand for medical care, supplies, and equipment is expected to rise rapidly as the US population ages. The number of Americans 65 and older is expected to increase by 49% between 2016 and 2030, compared to a 10% increase in the population as a whole. Health spending accounts for 17.9% of GDP in the US and is projected to reach 19.4% by 2027.
Financing:
Negotiable
Support & Training:
The current owner has a long history working with home health agencies. In 2006, the owner began working with the Company as a consultant; his past successful history and relationship within the industry significantly improved sales. He was hired as General Manager and eventually acquired the business, expanding the Company’s product offering to a broader geographic market. The owner is willing to remain with new management on a short- or long-term basis as needed.
Reason for Selling:
Additional capital required to take company to the next level
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Ryan Johnson

Business Listed By:
Ryan Johnson

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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