Non-Emergency Medical Transportation Services Provider

Driving Value to it's Customers and Owners

The Non-Emergency Medical Transportation Market is projected to reach US $15.57998 billion by 2028, from US $8.65887 billion in 2021, expanding at a compound annual growth rate of 9.6% from 2024 to 2032, according to yahoo! finance.

The Non-emergency Medical Transportation Market provides transportation services for patients who do not require urgent medical care but require assistance accessing healthcare facilities. The aging population, increasing prevalence of chronic diseases, and rising demand for specialized transportation services catering to individuals with disabilities or limited mobility are driving the market growth.

Ensuring folks are cared for and delivered safely in their journey to wellness, this Company was established in 2021 by current ownership, who then identified a strong need and viable opportunity within this service niche. The company is an essential services operation and works with California state providing Medi-Cal contract work.

The Company is partnered with a healthcare transportation solution as a preferred healthcare vehicle services subcontractor. Through these partnerships, seventy percent of their sales are generated from individual healthcare plans, medical groups, state-sponsored programs, medical providers and medical care facilities in Los Angeles County, CA.

Twenty percent to 25 percent of revenue is generated from direct-provider agreements with individual private facilities. The remaining 5% to 10% of income generated is from individual self-pay client relationships.

The largest concentration of support services is for patients needing dialysis appointment transportation and secondarily, doctor’s appointments.

Three shareholders of the S-Corporation are 50%, 33.5% and 16.5% ownership. The lowest percentage owner works 0 hours in business. Two remaining owners work 20 hours and 15 hours/week respectively. Owner/management roles and responsibilities include dispatching, scheduling, billing, 24/7 phone call reception, and W-2 employee payroll processing. Formal office hours are 6 am to 6 pm Mon – Sat. Office support hours 8 am to 10 pm Monday through Saturday each week.

Seller has indicated formal management can be in place for a new owner / buyer who wants to be hands off. It will be a full time, 40 hours per week, with a salary of $6,000 monthly. Manager will be responsible for running and handling day-to-day operations. 

Three company-owned van units are out eight to 10 hours per day, from 3:30 am to 8 pm M, W, F and 6:30 am to 5 pm T, Th, Sat. Five full-time W-2 drivers / patient handlers / patient transfer employees are on staff. Two additional P/T drivers work about 25 hours/week. Employees are trained, licensed and permitted.

Three each 2020 Ford Transit 150 cargo vans are included in sale transfer: Van 11: 185,622 miles, Van 12: 159,500 miles, Van 13: 176,622 miles. Transportation vans are meticulously maintained with bi-monthly mechanical inspections and maintenance. Gurneys and stair chairs are additional equipment included at sale. The Company will transfer assets free and clear of liens.

The narrative above is compiled and written from information provided by company seller, by Margot Murphy, principal of Sage Advisory Group, a California business brokerage providing sale, acquisition and valuation services for owners of privately held companies. Buyers are advised to verify all information provided to their complete satisfaction.