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Patient Transfer Product Business

Location  United States
Asking Price Range  $5.0M - $10.0M
Gross Revenues  $0
Net Profit / Cash Flow  $0
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  2003
Number of Employees  4 - 5
Relocatable  Yes
Number of Employees  4 - 5
Real Estate  Leased
Reason for Sale  Lack of capital to market the product
Description  This 10 year old durable medical equipment company has designed, engineered, manufactured, assembled and tested a state-of-the-art, mobile device that assists both the caregiver and patient with an innovative 360ø rotating platform and built-in lift chair that enables patient transfer in a simple manner. This device is a new class of patient transfer product that significantly reduces the risk and severity of falls for both patient and caregiver. The product has received favorable review from patients, facility managers and caregivers. Nursing homes have used the device in actual patient situations and units are in place on a permanent usage basis. The company has sought brand identity in the technical aids segment of the US Health Care Equipment and Suppliers market with the objective to become the leading market supplier of patient transfer products. Technical aid revenues are expected to exceed $18 billion in 2013. The company has not focused on marketing and has decided to sell its assets to a buyer with the resources to access key markets. Owners will consider other options to a sale of assets. 2 patents FDA 510(k) approval Designated as Durable Medical Equipment under Medicare Code E-1399 Standard wheelchair & WC19 wheelchair transport certification from RESNA ANSI certification OSHA friendly
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