Group Therapy Practice with Unique Model in Middlesex County, MA
Virtual Office with Absentee Owner and Strong Staff in Place
Middlesex County, MA
Listing Number: 1601
2018 Revenues: $1,300,000
Owner's Cash Flow: $167,000
A well-respected and successful therapy practice with a unique model and therapists throughout the Greater Boston area is available for sale! Therapists provide outpatient services for a broad range of emotional and behavioral challenges and treat both adults and children throughout multiple communities in Massachusetts. The company also provides administrative support to practitioners such as intakes/referrals, credentialing and billing.
According to IbisWorld, demand for these services has increased in recent years, with more individuals visiting behavioral therapists to address numerous ailments. As social stigma surrounding mental illnesses subsides, more individuals seek services provided by the industry. Public policy is moving rapidly to mandate even better access to behavioral health care. Industry experts anticipate more growth in the future, with revenue forecast to grow an annualized 2.2% to $5.2 billion over the five years to 2023.
This business is primarily run absentee, with a strong staff in place. They will be transitioning to a virtual office, eliminating many overhead costs and allowing for the business to be run by a buyer located anywhere in Massachusetts. A buyer must be a licensed therapist to purchase and run this company.
Growth and Expansion Opportunities:
The practice could add practitioners from other areas complimentary to behavioral healthcare. Additional marketing will raise awareness for the practice and continue to encourage therapists to join.
Special Points of Interest:
- Virtual office with absentee owner and strong staff in place
- Fantastic acquisition for an industry buyer
- Strong relationship with referral sources and insurance companie
Support & Training: The owners will provide necessary support and training.