This well-established, medical supplies company generated an adjusted net cash flow of approximately $811,000 in 2018. Annual revenues during the past four years have exceeded $5 million.
Products & services include
• Home Medical Equipment
• Durable Medical Equipment
• Orthotics & Prosthetics
• Wound Care & Wound Care Supplies
• Respiratory Equipment
• Power Mobility
• Lift Out Recliners
The company has served the greater New York City metropolitan area for over 15 years. During this time, it has built long term relationships with physicians, hospital discharge planners, insurance companies, and patients in need of medical supplies, orthotics, and prosthetics.
The company represents several of the leading brands in the industry, including Apex, Breg, Cascade, Corflex, Denco, DJO, Drive, GenerationQ, Golden Technologies, Invacare, Orthomerica, Otto Bock, Pride, ProBasics, Salter Labs, Sunrise Medical, Truform, and Ultraflex Systems.
The Company takes pride in delivering service beyond expectations. It attributes its success to the following:
• Revenue growth
• Experience catering to the local market
• Employee retention
• Size: It operates multiple stores in its communities
The Company maintains a staff of over 30 employees consisting of certified orthotists and orthotic fitters, service technicians, and customer service and billing representatives. Employees are cross trained in several job roles. The Company has had very low staff turnover. Several staff have been with the company since inception.
Gross Income: $5,099,930
Cash Flow: $811,334
Fixtures, Furniture & Equipment: $19,911
Business Type: Healthcare/Medical, Medical Equipment/Supplies
Location: New York
Financing: Seller Financing Available
- Inventory: Not included in asking price
- Employees: 35
- Furniture, Fixtures, & Equipment (FF&E): Included in asking price
- Support & Training: Training and Support Available
- Reason for Selling: Retirement