“ORANGE” is a physician-owned company providing inmate healthcare services to local correctional facilities. They currently have long-term contracts at five (5) facilities in the Southeast, serving over 700 inmates. Contracts are fee-based and paid in advance each month, so there are no receivables and no reimbursement risk.
The Company has an excellent reputation for providing high quality care and personal service that is unmatched in the industry. While the current owner runs it as a lifestyle business, there is great potential to leverage the Company’s reputation to significantly grow the business. Buyers willing to invest in additional staffing and technology will be able to win new contracts with the current owner, while providing a higher quality of service than the competition.
The current owner wants to “take some chips off the table” and minimize the administrative burdens on his plate. He would prefer a minimum 3-year transition to ensure continued growth and the ability to participate in that growth with an equity rollover of up to 30%. The ideal buyer could be a strategic partner looking to add market share, a healthcare professional looking for a new career with fewer headaches, or a financial buyer interested in bringing resources and efficiencies to build a platform business.