March 29, 2009

Buying An Existing NEMT Business

BUYING AN EXISTING NEMT BUSINESS - For those with the means, buying an existing company can be an profitable, and relatively quick way to enter an industry or market. There are a number of 'Business For Sale' sites on the internet, such as GlobalBX, Business Broker, BizBuySell, BizBen, Merger Network, or BizQuest (Searches display results for "non-emergency medical transportation" - keying in the search term: "ambulette" will yield added results especially companies for sale in the northeastern states.). Another route to go is to consult a Business Broker. The Tenney Group is unique among brokers in that they specialize in transportation. In business since 1973, one of their specialties is non-emergency medical transportation. Visit www.ambulancebusinessforsale.net for more information.

VIDEO #1 - The Tenney Group


VIDEO #2 - Selling Your Medical Transportation Company



EXAMPLES - To give you an idea of the numbers involved, here are some examples of recent (2011) Ambulette/NEMT businesses for sale:

1. Los Angeles - Asking Price: $1,600,000. One of the three largest NEMT companies in Southern California. 18 years in business. 32 wheelchair vans, 4 passenger cars. Medi-Cal and Cal-Optima service provider in good standing, Private contracts with hospitals, nursing homes, school districts.

2. Palm Beach, Florida - Asking Price: $500,000 - $1,000,000. Gross Revenue: $920,000., Cash Flow: $275,000. Inventory: $210,000 including 14 passenger vans. Established 1997. Employees: 10-19

3. San Jose, California - Asking Price: $25,000. Santa Clara County, Bay Area. Inventory: 1998 Ford Windstar with automatic wheelchair ramp, Owner will provide training.

4. New York Metro Area - Asking Price: $900,000. Business has a license to operate in all 5 Boroughs of NYC, Nassau, and Suffolk Counties. Owner retiring. Licensed Medicaid Provider. Database of over 50,000 clients. Contracts in place with many large institutions and HMO's. Conditions: Owner is willing to provide financing to qualified buyer. Prospective buyers must be able to put down at least 50%. Owner will also stay to train new owner. Partnership considered.

5. Gulf Coast Region (2011) - Asking price: $585,000, preferred Medicaid provider in 14 counties in the Central Gulf Coast Region, 30 vehicles including some wheelchair vans, price includes all equipment plus accounts receivable that average about $40,000.


- RELATED POSTS -

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Find more blog posts and directory pages that deal primarily with non-emergency medical transportation on the NEMT Index.

2 comments:

Spencer Tenney said...

Thank you for directing visitors to our site. Since you posted this, our company name has changed to The Tenney Group. We also have an updated video you are welcome to embed in your site. You can find it at http://thetenneygroup.com/About/CompanyVideo.aspx

Also, another link that may be helpful to your community is www.ambulancebusinessforsale.net. Many articles that address all areas of business sales and acquistions in medical transportation. Have a great day.

Spencer Tenney, CBI
The Tenney Group

Webmaster said...

Thanks for letting me know about the changes at your company. I have updated the post to reflect this.