SUFFOLK COUNTY, NEW YORK This company designs and produces high quality prosthetics and orthotics for a variety of patients: amputees, veterans, athletes, and children with limb abnormalities. The company offers complete customizability of its products to meet each customer’s needs through easy-to-use software and computer-aided-design.
It operates on a B2B business model, selling direct to orthopedics, physical therapy centers, nursing homes, hospitals and similar clinical practices.
The business has served the greater New York area for 16 years and has strong ongoing relationships with key clients like Northwell Health and other clinical institutions.
LISTING DETAILS Reason For Sale:
The owner is entrepreneurial and is looking to start a new business.
Training & Support:
1 admin, who provides the following breakdown of administrative duties: authorizations, billing, accounts payable, and managing relationships with referrals. The owner will provide transition services for 3 months, or as needed.
OPERATION Year Established: 2005
LOCATION Lease Option: 8/1/2024
Monthly Rent: 2500
Square Footage: 2700
SUMMARY Historical Summary:
The business is an established franchise.
They were one of the first NY-based providers to use CAD in designing prosthetics and orthotics, and they have since perfected the process. While many competitors still perform manual “hand-casting”, they use digital scans to more quickly and accurately serve clients.
3D printing has recently become an affordable way to scale-up in the industry, as it will dramatically reduce time, material and labor, and in turn, cost. Furthermore, macro events like the aging boomer population and increasing diabetes rates, have fueled ever-increasing demand for prosthetics and orthotics.