SellerForce® presents a 10-year-old Non-Emergency Medical Transportation (NEMT) Brand that has naturally grown and developed in the decade since their launch.
They provide accessible transportation services to and from medical appointments, hospital discharges, rehab facilities, social events, and more. NEMT is a stress-free method of transportation to and from medical appointments for seniors and patients of all ages.
The NEMT sector has carved out a significant niche in the global healthcare industry. With its market size reaching an impressive $15.57 billion as of 2028, it’s on a trajectory to expand at a Compound Annual Growth Rate (CAGR) of 9.0%.
Anyone with Medicaid or Medicare is a potential customer for the brand, and as there were about 263,000 Medicare-Medicaid enrollees in Michigan and about 9 million nationally, they aren’t short on demand. The brand is highly recession-resistant, enjoying a steady cash flow and easy expansion opportunities
The brand works directly with health insurance plans and brokers and has contracts with 4 out of 6 NEMT agents in their state. They have maintained these contracts for nearly 5 years. Companies are awarded contracts with these agents based on a company’s “on-time performance” metric and pricing, with the brand scoring above industry averages on many of the key metrics.
They operate in a 90-mile radius in their area, and typically take over 100 trips a day, or about 4,000 per month. They charge based on miles driven per trip, with their average price per trip being approximately $50. Additionally, they have some contracts where they have negotiated a drop-off and a pickup fee of $15, adding to their profits.
Current ownership spends about 5 hours per week on administrative tasks such as check writing and updating insurance policies. They have 2 office managers on staff who dispatch, answer phones, and make schedules. They also have 14 minivan drivers, each of which are certified in CPR, defensive driving, and have chauffeur licenses. While they have 14 minivans, how many they send out depends on the demand of the day, with 10 being standard.
The brand will be very hands off for a new buyer, which will give them ample time to focus on scaling their operations. They could start by expanding their services to include other common healthcare needs such as prescription drug and medical film delivery or invest in wheelchair equipped vans for improved accessibility.
They could start offering transportation services for auto accidents by working with case managers at auto insurance companies to take accident victims to physical therapy. They could also offer private service transportation like Uber for senior citizens by reaching out to different senior living facilities.
A buyer could also expand the range of their services, as NEMT services are available in each county and state. They could service both urban and rural areas for a larger pool of potential clients. Depending on buyer preference, they could expand to different counties in the state to increase revenue right away, or they could start planning to expand into different states such as Florida, Georgia, and Texas.
This deal is positioned in a rapidly growing sector of healthcare, putting them in an excellent place to grow with the right buyer at the wheel.
Listing ID: SF479
