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Medical Billing Software With Recurring Revenue
Location: United States -> Colorado
Industry: Technology – Internet Related > Application Service Providers




Business Summary

This company, founded in 1988, is a developer of a recurring revenue business model medical billing software used by the behavioral health industry.

This business is truly turn-key with strong, stable, long-term staff in place. After the first two months of on-boarding a new client there is a very low level of ongoing staff time required beyond customization (which is billed for), and software updates. The software lease fees become a source of monthly recurring revenue.

This software is used in client clinics in 30 states and includes some larger healthcare systems that appreciate its enterprise-level functionality. There's a very low level of client churn (less than 11% from 2010-present), and it has attracted, on average, six net new clients per year.

The company has experienced very high margins (EBITDA margin for 12 months ending 7/31/17 was 66%), and produces high annual revenue per employee of $534,499, as well as $354,370 in EBITDA per employee.


Financials

Asking Price Range:  $10.0M - $20.0M
Gross Revenues:   $3,206,997
Cash Flow:   $2,299,539
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  1988
Number of Employees:  6 - 9
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased

About The Sale

Management Training and Support:  Seller is available for long transition
Reason For Selling:  Planning for retirement

Photos

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Medical Billing Software With Recurring Revenue Photo 1




Print Listing Id: 700250087
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Related Searches: Application Service Providers  >  E-Commerce and E-Tailers  >  Internet Service Providers  >  Web Design and Software Development  >  Other Technology - Internet Related  > 

Also See: Franchise Opportunities > Franchise Resales > Colorado Businesses For Sale > Colorado Franchises For Sale > Colorado Business Brokers



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