Medical Transport-Ambulette - 34842

Financing

$1,300,000 Down and $800k over 3 yrs @ 5%

Business Description

Established in 2009, this Connecticut-based Non-Emergency Medical Transportation (NEMT) company provides ambulette services across all Connecticut counties. It serves a diverse clientele, including dialysis centers, nursing homes, assisted living facilities, doctor's appointments, and private pay trips. The business operates a fleet of 10 late-model vans (2014-2018), all equipped with wheelchair lifts, GPS, and cameras, handling between 700 to 775 trips weekly. The company uses state-provided software integrated with Medicaid for seamless scheduling and billing. All contracts are active, and the current, experienced drivers—each with over two years in the role—are willing to stay on board. The owner is prepared to train the new buyer, offering guidance for as long as necessary. Operating from a low-rent office with adequate van storage, the business is well-positioned for growth, especially with the recent exit of several local competitors due to COVID-19. The company regularly turns down additional Medicaid work due to industry capacity, presenting a clear expansion opportunity. The sale includes all 10 vehicles, and the business is not bank-financeable; interested buyers must provide proof of funds of at least $1 million for meetings. Financial details will be shared during due diligence. For more information, contact broker Gerald Nimberg at 646-269-4616.

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