Midwifery & Women’s Health Care Service & Freestanding Birth Center

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Asking Price:
$257,000

Gross Revenue:
$958,910
Cash Flow:
$84,399
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$15,000
not included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

This premium midwifery service and accredited birth center has been strongly branded by a mostly absentee owner. Due to its strong reputation (4.5 Yelp rating with over 100 reviews), the business draws clients from all four of their surrounding counties. The professional and inviting website clearly explains the business with professional graphics and narratives, and social media accounts (Instagram and Facebook) have actively engaged followings. Facebook rating of 4.9.

The business has experienced growth in nearly every year since its founding 24 years ago. This is a turn-key opportunity as the Company has long-term experienced staff - average tenure of over five years - in place who are committed to the Company and its legacy. Repeat and referral clientele is 60%. The Company has created a family-focused alternative for low-risk, high quality care.

Accredited Facility - The facility is a well-appointed and furnished spa like environment that elevates labor and birth to a luxurious experience, and it’s in close proximity to emergency services and several hospitals. The birth center is accredited through the Commission for Accreditation of Birth Centers (CABC) and has a complete collection of documents including, consents, waivers, client handbook, educational materials, employee manuals, training manuals, policies and procedures, and clinical guidelines. These written guidelines have been developed based on nationally accepted practices for safety and quality.

Physician Collaboration & Healthcare Community - The practice maintains a healthy, 10-year relationship with a supportive physician collaborator and consultant. The Company also enjoys an established referral network of educators, doulas, and other complementary professionals. The established doula and clinical internship programs train potentially future employees and build community goodwill and referral network.

Overall Industry - According to American College of Midwives, the percentage of midwife attended births has risen nearly every year since 1989 with an annual percentage increase between 3.3% to 7.9%. http://www.midwife.org/CNM/CM-attended-Birth-Statistics Also, per the American Association of Birth Centers, the number of birth centers in the U.S. has grown 82% since 2010, which is consistent with Childbirth Connection’s finding in its Listening to Mothers survey that 25% of women would prefer a freestanding birth center if covered by their insurance plan.

About the Business

Location:
California
Year Established:
1995
Number of Employees:
3 FT; 4 PT
Real Estate:
Leased
Building Sq. Ft.:
2,561
Rent:
$9,203.00 Per Month
Lease Expiration:
12/31/2019
Facilities:
2,561sf at a monthly lease rate of $9,203, expiring December 31, 2019. The landlord is open to an assignment or a new lease with the buyer.
Growth & Expansion:
UPSIDE POTENTIAL – The Company’s upside potential includes joining more insurance payer networks, expanding the offerings of ancillary services, and direct contracting with employers.

As insurance carriers and large employers increasingly understand the value in the birth center model of care and include birth centers in their networks and benefits plans, the number of women choosing a birth center may grow exponentially.

There is also a trend in the U.S. for insurance carriers and employers to focus on improving the quality of primary care and reducing hospital stays, for which birth centers are ideal candidates. Birth centers excel in providing patient-centered women’s care from puberty to beyond menopause. Birth centers also offer exceptional community and social support for families, and they are hubs for referrals to higher levels of care.

This is a great opportunity for a midwife, physician, or hospital/health system as a stand-alone business, add-on to an existing practice, and/or referral source to higher levels of care.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Owner will provide training and transition and is open to part-time employment.

Listing Info

ID:
1650379
Ad Detail Views:
0

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Business Listed by

D. Joe Atchison,CBI,CBB,CMMBI,MBA,CPA

Sunbelt Business Sales, Mergers & Aquisitions
License# 01438544

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