Regional Medical Staffing Business -JHACO- 39% GM

Regional Medical Staffing business established in 2020. JHACO Certified – High Margin and Profit.

A digital recruiting approach is combined with relationship-based nurse and client contracts. The latest CRM-ATS technology combines cutting-edge digital recruiting with relationship-based nurse and client contracts automation for low total overhead. Complete infrastructure, back office processing, and end-to-end system management that can scale to many times the current size with little to no additional overhead cost.
The client's average tenure is over 36 months, with no client concentration issues. Several clients represent 5% of total revenue.
The team focuses on maintaining an industry-leading gross margin. Gross Profit has averaged 39% since inception.
Additionally, the company has accumulated a 22,000 nurse database, growing and vetted weekly with an additional "new profile flow" of double digits per week.
The sellers have several successful and growing businesses in other industries and markets requiring capital and focus, so they are motivated to divest this medical staffing division in the near term. Management will remain for ongoing support and relationship building, including introducing the digital recruiting and onboarding technologies that assist their success.
This regional healthcare staffing company has all staff remaining, if appropriate, but is open to discussing a mutually beneficial transition.
Since its establishment in 2020, the company has been providing staffing solutions for LPNs, RNs, Aides, Caregivers, and leadership positions across various facilities throughout the North East and Mid Atlantic Regions of the United States, including nursing homes, assisted living facilities, and Acute care facilities.
The company has experienced dramatic growth since its inception, driven by the ongoing nursing shortage and innovative business model. They have successfully developed and refined a recruitment system to swiftly source and onboard staff within 24 – 48 hours. This streamlined process is enhanced by an automated system backed by a robust digital marketing platform adaptable to any market.
The company consults with its clients to accurately assess their staffing needs, ensuring seamless continuity of patient care and long-term solutions that combine all forms of staffing, from per diem to contract to permanent.
The staff is expected to remain under new ownership, and the sellers will assist during a transitional period. The current staff have medical experience, including MD's.
Gross Revenue in 2021 was $4.5 million, 2022 was a record $7.1 million, and 2023 exceeded $5.5 million, with all three years maintaining a 39% gross margin. The company anticipates to generate $ 6.5 million in 2024 with an adjusted EBITDA margin above 15%.

Direct sale, NO BROKER Involvement

The asking price for this opportunity is $5.25 million. The seller is willing to collaborate with the purchaser for SBA qualifications and up to 25% in a seller note.
This opportunity is perfect for new or seasoned operators and investors in the medical facility operation or staffing space. While turnkey in structure, it could fit into existing medical staffing businesses, acute or long-term organizations with multiple facilities interested in controlling staffing challenges. This acquisition would likely be profitable and accretive to any portfolio on day one.