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Turnkey DME and/or O&P Business with Strong CA and national contracts

Irvine, CA
listing image
Asking Price:$500,000
Established Year:1983
Rent:$3,800/Month
Listing ID: 2153085Listing provided by BizBuySell
BUSINESS DESCRIPTION

Durable Medical Equipment and/or Orthotics & Prosthetics biz

"Established Since 1983: Southern California DME and/or O&P Company with Lucrative HMO, PPO, Medicare, and Workers Comp Contracts Available for Sale"

Welcome to a reputable Southern California-based Durable Medical Equipment (DME), Orthotics, and Prosthetics company with a remarkable legacy dating back to 1983. Our firm has established strong footholds in both local and national markets, boasting robust contracts with prominent Health Maintenance Organizations (HMOs) and Preferred Provider Organizations (PPOs), ensuring steady revenue streams.

This Medicare-certified enterprise also welcomes Workers' Compensation cases, further diversifying its revenue streams. With a strategic base in Southern California, the company presents ample opportunities for expansion within the region. The business is primed to serve as an excellent platform for manufacturers or distributors of DME or bracing products aiming to penetrate the California market or venture into third-party insurance billing.

Intriguingly, this opportunity opens doors for joint venture discussions, inviting potential partners to explore mutually beneficial collaboration possibilities. As the seller, I bring a wealth of experience in contracting, adding significant value to potential consultation arrangements. The terms of this sale are open for negotiation, providing a flexible and amicable transition to new ownership. Contact us today to discuss this compelling prospect and unlock the potential for a prosperous future in the medical equipment industry.

DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,118
Lease Expiration
01/03/2024
Employees
1
Facilities
Tax ID w/ contracts, clean slate opportunity
Competition
The durable medical equipment (DME) and orthotics and prosthetics (O&P) market is highly competitive nationwide, with many companies vying for contracts with healthcare providers. Not having strong HMO contracts limits access to key patient populations, reducing revenue potential and growth opportunities. Securing these contracts creates a competitive advantage by expanding market reach, improving reimbursement rates, and opening doors to new opportunities in a rapidly growing healthcare sector.
Growth & Expansion
Expanding DME and orthotics/prosthetics in California and nationally offers vast potential. Strong HMO contracts secure consistent revenue. Seller as a consultant provides valuable guidance. Pros include a large and diverse market, leveraging HMO partnerships, and nationwide reach. However, navigating regulatory complexities and fierce competition pose challenges. Strategic planning and leveraging existing contracts are vital for successful expansion.
Support & Training
Shareholder with 20 years of contracting experience among many other categories available for 1 month (4 hours a week) of consulting, then a fee can be negotiated from then on.
Reason for Selling
Business was used for it's existing contracts, no longer needed
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Michael Wells
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Michael Wells
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