Non-Emergency Medical Transportation | Contracts | Growth | $252k SDE
Asking Price: | $1,100,000 |
Gross Revenue: | $1,486,000 |
Established Year: | 2021 |
Cash Flow: | $252,000 |
EBITDA: | $252,000 |
Founded in 2021, ArtMed Transportation has rapidly grown to become a prominent provider of Non-Emergency Medical Transportation (NEMT) services in Southern California. ArtMed specializes in transporting patients to medical appointments, airports, and private destinations with a fleet of 20 vehicles including regular cars, wheelchair vans, and gurneys.
Key Business Highlights
• Fast Growth: Started with 10 cars in 2021, expanded to 20 vehicles by end of year.
• Strong Customer Service: Emphasis on exceptional customer service as a cornerstone of business operations.
• Experienced Team:
o Operates from 3 offices with 5 dedicated office staff and a 20 drivers.
o Key personnel include dispatch, credentialing and marketing, customer service, billing and the drivers.
• Comprehensive Driver Standards:
o 20 full-time drivers with rigorous background checks, drug and alcohol testing, and ongoing certifications.
o Specialized training including first aid, CPR, defensive driving, and wheelchair safety.
• Regulatory Compliance: Fully compliant with Medi-Cal and other regulatory requirements for NEMT services in California.
• Sales and Marketing
• Diverse Client Base:
o Contracts with major brokers like Call the Car, Safe Ride, and MTM (Kaiser).
o Direct contracts with nursing homes, hospices, and other healthcare facilities.
• Market Reach: Strong presence in LA County; recent expansion into Orange County with plans for further growth in Kern County and Riverside.
• Marketing Initiatives: Active on social media (Facebook, Instagram) to engage with local communities and potential clients.
• Growth Opportunities:
• Expand Private Client Base: Increase marketing efforts to attract private pay clients for higher-margin services.
• Geographic Expansion: Opportunity to establish presence in new markets like Kern County and Riverside.
• Specialized Services: Potential to cater to bariatric patients with specialized vehicles and services.
• Financial Considerations
• Profitability: Demonstrates strong financial performance with competitive driver pay rates.
• Stable Revenue Streams: Contracts with reliable payment structures from both insurance and private pay clients.
• Risks and Mitigation
• Operational Risks: Addressed through rigorous driver training and compliance measures.
• Legal Risks: Managed with comprehensive insurance coverage and adherence to regulatory standards.
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