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Ambulance Service Numerous 911 Contracts Hi Emergent calls

Well established emergent based ambulance service; company has over 10 municipal and county contracts; Emergent calls exceed 60% of all runs; Very High Recurring Revenues; High Fragmentation Industry; 13,000 Operators; $16 Billion Market Cap; Logistics Management and Billing drive profits; Net Revenues $ 8.0 - $ 8.5 MM. Company serves a defined geographic area and dominates this service territory with a very high market share and has very limited competition. Due to defined service area, company is able to generate above average Utilization metrics and very high net revenue per ambulance. New contract added; the company has historically used a 3rd party billing company and has not collected as much cash as they should be collecting. Company is run absentee, with long term management in place. More details available after NDA and other credentials are provided. Please NO brokers, investment bankers, consultants or any buy side fee situations. We specialize in this industry. Principal buyers only.

Please refer to listing ID: Amb911MW

Industry:  Health and Medical
Industry Segment:  Other Health and Medical
Geography:  United States
Asking Price:  Not Disclosed
Gross Revenue:  $8,500,000
Gross Revenue Comments:  Growing; 2016 sales lower than should have been due to poor performance by 3rd party Billing co
Cash Flow Comments:  Increasing; Brought Billing back in-house; added Large contracts recently
Value of Inventory:  $2,500,000 (Included in Asking Price)
Value of Equipment:  $1,200,000 (Included in Asking Price)
Year Established:  1975
Number of Employees:  116
Mgmt. Training/Support:  Long Term Mgt in place; Owner is absentee
Reason For Selling:  Absentee owner who bought company as an investment and after making improvements
Facilities:  Multiple; all within defined geographic area which enables goo Utilization of fleet & payroll $
Market Outlook/Competition:  This company "Dominates" the markets they serve, with Very limited competition; They have over 10 Municipal/County contracts, plus many facility contracts; just added new contracts in early 2017, which will grow sales substantially in 2017 & 2018
Name:  Reed Law
Phone:  704-966-1499




9605 Caldwell Commons Circle, Suite A | Cornelius, NC 28031
Phone: 704-439-2510 | Fax: 704-439-2511