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Ambulance Service 60% Emergent calls 10+ 911 contracts

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; 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. Company is growing and will have a large increase in sales in 2017 & 2018 due to several new contracts (one of which is sizeable); the company has historically used a 3rd party billing company, however due to the billing co's lack of performance and very inconsistent cash collections, the company is bringing the billing "back" in house (It was done in house some years back). This will increase net revenues & cash collection per call, over 2016 results, which were lower than they should have been. Company will be adding more trucks in the next few months due to the new contracts and this ramp up period, as run volume will be increasing substantially. 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: Amb911

Geography:  United States
Asking Price:  Not Disclosed
Gross Revenue:  $20,000,000
Value of Equipment:  $1,200,000 (Included in Asking Price)
Year Established:  1976
Number of Employees:  115
Mgmt. Training/Support:  Company is an absentee owned business with LT management in place
Reason For Selling:  Financial; Absentee owned
Facilities:  Multiple locations; all within defined territory that allows for good Utilization of fleet & payroll $$
Market Outlook/Competition:  Company Dominates the markets and areas it serves; Very Little competition; Company has over 10 municipal/county 911 contracts; emergent calls make up over 60% of all runs
Name:  Reed Law
Email:  reed@southeastbusinessexchange.com
Phone:  704-439-2510

 

 

SOUTHEAST BUSINESS EXCHANGE
and subsidiary AMBULANCE DEALS STAT

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

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