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Two medical transportation companies owned by a single individual and collocated in Essex County, New Jersey are available for sale. Either business may be acquired separately or as a combined entity. Both companies have contracted with the state to transport Medicaid patients to and from medical treatment facilities to their residences. Both serve Essex, Union and Middlesex counties. One company transports wheelchair dependent patients and the other transports ambulatory (AMAV) patients for whom minivans suffice. Each business is very profitable since the barriers to entry are considerable- state licensing, meeting state requirements for driver, vehicle and insurance registrations, licensed software systems along with the cost of owning and running a fleet of 25 vehicles which all limit competition. These businesses can expand in any number of ways. The Medicaid transportation needs of the state are not being fulfilled in any county in the state, Essex, Union and Middlesex Counties included. These long-standing companies have the license, experience, vehicles and drivers to grow within the counties by adding to their fleet, by adding shifts or by expanding into any other county within the state simply by picking up the phone and advising the state of its intent. Each company has a record of performance with the state that is stellar and that is critical to state licensing the expansion. There are also Medicare and private patient transportation opportunities and, since the industry is served by small, independently owned companies, the roll-up opportunities are equally prominent.
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