Industry Overview
The organization is managed and operated by experienced professionals in the healthcare and recruiting sectors, who deeply understand the evolving challenges and workforce demands within the contemporary healthcare landscape. They have earned a reputation as one of the industry’s most trusted and dedicated healthcare staffing agencies, consistently maintaining a perfect record of 100% compliance with all regulatory and credentialing standards.
Financial Summary
Financial Overview
The company experienced exceptional growth following the COVID period, scaling rapidly from $4.8 million in revenue in 2019 to an impressive $51 million in 2022. In 2023, like many others in the staffing industry, the company experienced a recalibration in revenue as market rates and demand began to normalize. Despite this, they achieved strong results, closing the year with $30.3 million in revenue and an adjusted EBITDA of $5.24 million (17%).
By 2024, the company reached a stable revenue baseline and saw encouraging signs of renewed growth in the second half of the year, reporting $18.1 million in revenue and an improved adjusted EBITDA margin of 26% ($4.66 million). Based on trends from the 2nd half of 2024, they expect to gross at least $22 million in 2025 with an adjusted EBITDA margin above 25%.
Staff Overview and Exit Plan
The staff, including key management personnel, is expected to remain employed under the new ownership. The seller has expressed a willingness to assist throughout the transitional period.
Asking Price
The asking price for this opportunity is $22 million, which does not include cash, receivables, or working capital.
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