Blue Mist Rehab, LLC is a 25-year-old, fully Medicare-credentialed outpatient
rehabilitation platform operating in Louisiana. Founded in May 2000, the Company
provides physical therapy, occupational therapy, and speech-language pathology
services across three distinct revenue channels: skilled nursing facility (SNF)
contract therapy, home health agency (HHA) contract therapy, and an outpatient
clinic. This multi-channel model produces diversified, recurring revenue across
multiple payors and care settings — a structure that sets Blue Mist apart from
single-site therapy practices and positions it as a true platform acquisition.
FY 2025 produced $4.98M in gross revenue and $720,147 in Adjusted EBITDA after
owner add-backs. The Company has demonstrated a decisive profitability
turnaround: expenses were reduced by $183,028 while revenue grew $111,729
year-over-year, producing a $294,186 swing from prior-year loss to net income.
SNF contract therapy is the largest revenue channel at approximately $2.17M
annually across three facilities. One carries a 30-year relationship just
renewed on a new 5-year term.
Two Monroe-area contracts have new 5-year
agreements presented and pending signature with no issues anticipated. Contract
relationships of this tenure represent a competitive moat no new entrant can
replicate.
Home health agency therapy generates approximately $1.
04M annually through 10+
active partners, with contracts averaging 20–30 years in age and a current run
rate of 250 visits per week. The outpatient clinic contributes approximately
$400K annually at 130 visits per week — running below natural capacity, with
each additional 20 weekly visits adding an estimated $75K–$100K in annual
revenue.
A fourth revenue channel launches in 2026: an executed consulting contract
positions Blue Mist as Executive Director of Clinical Operations for a Louisiana
SNF management group, adding a fee-based and PRN labor supply arrangement with
minimal overhead.
The clinical team is fully retained and considered a core asset. Staff includes
a Certified Orthopedic DPT who is Dry Needling certified, a myofascial and
orthopedic-certified PT, and a PhD-level office administrator — all
mission-critical and expected to remain post-close. Medicare NPI and PTAN have
been active since October 2000, eliminating any re-credentialing delay for a
buyer.
The seller is open to retaining a 5% ownership stake to support relationship
continuity across SNF and HHA partners, and will provide full transition support
including facility introductions and physician warm handoffs. Voted Cenla's Best
Therapy Clinic three of the last five years, Blue Mist is ideally suited for a
private equity platform or add-on acquisition, a regional operator seeking
Louisiana market entry, or an owner-operator acquiring a cash-flowing,
relationship-driven therapy business with material upside.
Asking Price: $2,800,000.