25 Year Rehab Platform w $720K EBITDA 3-Channel Rev & Ideal PE Add On
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Medicare-Credentialed Rehab Platform | $5M Rev | PE-Ready
Blue Mist Rehab, LLC is a 25-year-old, fully Medicare-credentialed outpatient rehabilitation platform operating in Central Louisiana. Founded in May 2000, the Company provides physical therapy, occupational therapy, and speech-language pathology services across three distinct revenue channels: skilled nursing facility (SNF) contract therapy, home health agency (HHA) contract therapy, and an outpatient clinic. This multi-channel model produces diversified, recurring revenue across multiple payors and care settings — a structure that sets Blue Mist apart from single-site therapy practices and positions it as a true platform acquisition.
FY 2025 produced $4.98M in gross revenue and $720,147 in Adjusted EBITDA after owner add-backs. The Company has demonstrated a decisive profitability turnaround: expenses were reduced by $183,028 while revenue grew $111,729 year-over-year, producing a $294,186 swing from prior-year loss to net income.
SNF contract therapy is the largest revenue channel at approximately $2.17M annually across three facilities. One carries a 30-year relationship just renewed on a new 5-year term. Two Monroe-area contracts have new 5-year agreements presented and pending signature with no issues anticipated. Contract relationships of this tenure represent a competitive moat no new entrant can replicate.
Home health agency therapy generates approximately $1.04M annually through 10+ active partners, with contracts averaging 20–30 years in age and a current run rate of 250 visits per week. The outpatient clinic contributes approximately $400K annually at 130 visits per week — running below natural capacity, with each additional 20 weekly visits adding an estimated $75K–$100K in annual revenue.
A fourth revenue channel launches in 2026: an executed consulting contract positions Blue Mist as Executive Director of Clinical Operations for a Louisiana SNF management group, adding a fee-based and PRN labor supply arrangement with minimal overhead.
The clinical team is fully retained and considered a core asset. Staff includes a Certified Orthopedic DPT who is Dry Needling certified, a myofascial and orthopedic-certified PT, and a PhD-level office administrator — all mission-critical and expected to remain post-close. Medicare NPI and PTAN have been active since October 2000, eliminating any re-credentialing delay for a buyer.
The seller is open to retaining a 5% ownership stake to support relationship continuity across SNF and HHA partners, and will provide full transition support including facility introductions and physician warm handoffs. Voted Cenla's Best Therapy Clinic three of the last five years, Blue Mist is ideally suited for a private equity platform or add-on acquisition, a regional operator seeking Louisiana market entry, or an owner-operator acquiring a cash-flowing, relationship-driven therapy business with material upside.
Asking Price: $2,800,000.
FY 2025 produced $4.98M in gross revenue and $720,147 in Adjusted EBITDA after owner add-backs. The Company has demonstrated a decisive profitability turnaround: expenses were reduced by $183,028 while revenue grew $111,729 year-over-year, producing a $294,186 swing from prior-year loss to net income.
SNF contract therapy is the largest revenue channel at approximately $2.17M annually across three facilities. One carries a 30-year relationship just renewed on a new 5-year term. Two Monroe-area contracts have new 5-year agreements presented and pending signature with no issues anticipated. Contract relationships of this tenure represent a competitive moat no new entrant can replicate.
Home health agency therapy generates approximately $1.04M annually through 10+ active partners, with contracts averaging 20–30 years in age and a current run rate of 250 visits per week. The outpatient clinic contributes approximately $400K annually at 130 visits per week — running below natural capacity, with each additional 20 weekly visits adding an estimated $75K–$100K in annual revenue.
A fourth revenue channel launches in 2026: an executed consulting contract positions Blue Mist as Executive Director of Clinical Operations for a Louisiana SNF management group, adding a fee-based and PRN labor supply arrangement with minimal overhead.
The clinical team is fully retained and considered a core asset. Staff includes a Certified Orthopedic DPT who is Dry Needling certified, a myofascial and orthopedic-certified PT, and a PhD-level office administrator — all mission-critical and expected to remain post-close. Medicare NPI and PTAN have been active since October 2000, eliminating any re-credentialing delay for a buyer.
The seller is open to retaining a 5% ownership stake to support relationship continuity across SNF and HHA partners, and will provide full transition support including facility introductions and physician warm handoffs. Voted Cenla's Best Therapy Clinic three of the last five years, Blue Mist is ideally suited for a private equity platform or add-on acquisition, a regional operator seeking Louisiana market entry, or an owner-operator acquiring a cash-flowing, relationship-driven therapy business with material upside.
Asking Price: $2,800,000.
About the Business
- Years in Operation
- 26
- Employees
- 14 (7 Full-time, 7 Contractors)
Owner willing to stay on as Face of the company - Facilities & Assets
- SNF Building 1
$850K – $1.0M
New 5-Year Contract Signed
30-year relationship; recently renewed for new 5-year term
SNF Building 2 (Monroe)
~$720K
~1 Year Remaining; New 5-Yr Presented
Renewal presented to regional Admin; waiting on owner signature; no issues anticipated
SNF Building 3
~$600K
~1 Year Remaining; New 5-Yr
Renewal presented to regional Admin; waiting on owner signature; no issues anticipated
TOTAL SNF Revenue
~$2.17M (mid)
Represents ~44% of total gross revenue
The Company maintains active therapy contracts with 10+ home health agencies across Louisiana. These relationships are among the most durable in the business — many averaging 20–30 years old — and represent stable, recurring revenue with no facility overhead.
~250 visits/week
~13,000 visits/yr
Stable multi-year volume
Bi-weekly invoice average
~$40,000
~$1.04M/yr
Consistent with 10+ active agencies
Average contract age
20–30 years
Deep referral trust; not easily displaced
Active HHA partners
10+ agencies - Market Outlook / Competition
- Market Size & Growth
The U.S. physical therapy services market was valued at $50.2 billion in 2024 and is projected to reach $76.6 billion by 2033, growing at a CAGR of approximately 4.9%. When combined with occupational and speech therapy, Fortune Business Insights values the combined U.S. market at $65.4 billion in 2025, expanding to $128.2 billion by 2032 — a 10.1% annual growth rate.
Outpatient clinics command the largest segment share, accounting for 51% of all physical therapy revenue in 2024. The home health (HHA) channel represents the fastest-growing delivery setting, driven by patient preference, cost-effectiveness, and technology enablement. - Opportunities for Growth
- Platform Expansion Opportunities
• Additional outpatient clinic location(s) in underserved Louisiana parishes — the existing Medicare PTAN can be transferred/extended to new sites without re-credentialing delays
• Medicare Advantage and managed Medicaid contracting to diversify payor mix
• Group therapy and wellness programs at clinic to improve visit density per provider hour
• Telehealth
• Outpatient Clinic Volume Growth — currently at 130 visits/week vs. a natural capacity target of 150+. Each additional 20 visits/week at current billing rates adds ~$75K–$100K in annual revenue.
• Home Health Agency Expansion — 10+ existing HHA relationships averaging 20–30 years. Adding 2–3 additional agency contracts in adjacent parishes represents incremental volume with no additional fixed infrastructure.
• SNF Building 1 Organic Growth — new 5-year contract provides revenue stability; clinical optimization could improve per-diem utilization and move toward the upper end of the $850K–$1M range
Real Estate
- Owned or Leased
- Leased
- Rent
- $2,200.00 per month
- Lease Expiration
- 4/9/2031
About the Sale
- Seller Motivation
- Owner is Retirement Age and ready for the next phase of life.
- Transition Support
- Seller's Vision for Transition
• Owner open to retaining a 5% stakeholder role to manage PR, SNF/HHA relationships, and clinical quality oversight
• Owner's daughter (DPT, Dry Needle Certified) is requested to be retained with an employment guarantee period — she is a clinical differentiator
• PhD office administrator is essential to continuity and must be retained
• SNF-embedded therapy staff are hand-picked and beloved by the facilities — high retention risk if not properly transitioned
• Owner available for full transition support including physician introductions, HHA executive handoffs, and SNF facility tours - Financing Options
- SBA Pre Qualified
Listing Info
- ID
- 2492875
- Listing Views
Attached DocumentsAttachment Disclaimer
Listing ID: 2492875 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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