Texas Ambulance Svc 17% EBITDA $ 717/Run Absentee Owner

Highly profitable Inter-Facility based ambulance svc located in western half of Texas. Co. is run absentee from a great distance away and company generated 17% EBITDA (or 21% Owner's Cash flow) margins in 2020 (note this Excludes all Stimulus $$). HIGH Level Svc. provider. Average collection per transport in 2020 was $ 717.77, making this EMS provider a VERY attractive acquisition. Company performs 3-4K Ambulance transports per year. Improvements the owner made in Operations and in Utilization from late 2018 to early 2020 helped increase earnings. Seller prefers strategic (or synergistic buyer) who knows industry/healthcare. Company serves decent size population base/metro area and does "some" long distance Inter-Facility transports to larger hospitals located in other larger metro areas that are a great distance away. Good fleet. Management can be added to improve operations. Call mix over the last two (2) years included 25-35% Emergent runs. This EMS provider services multiple hospitals and also services 15-20 other healthcare facilities and multiple air ambulance operators. Seller seeks Buyer who is an experienced operator, a strategic buyer, or a synergistic buyer who understands healthcare/ambulance industry. Please NO brokers, consultants or Buy side fee situations. We specialize in the industry. Location: Texas Year Established: 2005 Number of Employees: 23 Real Estate: Leased Facilities: approx 2,000 sq ft; leased from 3rd party Market Outlook/ Competition: Selling co is a High level service Provider; very honest with facilities and provide accurate ETAs. Competition is there, but do not provide as high a level of service and do not provide accurate ETAs. Seller provides 24 hour ambulance svc. Growth & Expansion: Excellent growth opportunity. Company is run absentee and no outbound marketing has been done in years due to fact the owner's other businesses (all located a Great distance away) have been growing super fast. Very good growth Opptys. One is in a town they already travel to numerous times a week on Inter-Facility transports (mainly all 1 to 2 truck size providers in this market)