Healthy & Growing New York Healthcare Staffing Business

The U.S. healthcare staffing market is expected to grow at a compound annual
growth rate (CAGR) of 5.6% over the next 8 years. This growth is especially
significant when targeting nursing homes as the population ages and nursing
shortages prevail due to retirements, which the Bureau of Labor Statistics
estimates to be 500,000 over the next few years. According to an article on
healthcare staffing by www.clearlyrated.com, healthcare occupations are
expected to grow much faster than the average for all other occupations.
A fast-growing healthcare staffing business serving all of New York State and New
York City’s five boroughs’ nursing homes has recently been put up for sale. It is
registered with the Department of Health. From its start in 2020 until 2023, its
revenue and cash flow has increased year after year, and its projections, while
conservative, make it an ideal company to be acquired either strategically as an
add-on or as a standalone service company, serving a repetitive and growing
client base.

The ownership of the healthcare staffing business has experience in the field, but
its growth has been a result of sales management skills, relationship
development, and a commitment to providing for the needs of their clients in a
painless manner. The industry it serves requires qualified, pre-screened nurses
(RN’s, LPN’s, and CNA’s) and prefers to use agencies like this business to provide
the qualified personnel to staff their shifts. The staffed individuals remain under
the employment of the agency. If a client desires to hire an individual on their
books in the future, a standard fee arrangement is applied.

The healthcare staffing business started its operations in 2020 and has
achieved good, sustainable growth. Its current revenue is projected to
be approximately $1.690 million in 2023 with an EBITDA $327k. The asking price
for the business is $975,000. The current owner will help transition the business
and the relationships to a new owner for growth.