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Medical Billing Company
Location: United States -> New York
Industry: Health and Medical > Other Health and Medical




Business Summary

Fully-compliant 28-year track record of profitable operations and a recurrent client base. Owner has prepared for semi-retirement by developing an excellent staff in place for that purpose. Company provides services to a wide range of medical specialties including Endoscopy, Gynecology, Gastroenterology, Internal Medicine and many others.

Management/Staff: 20 including owner and 2 managers. All employees are assigned accounts and are responsible for all tasks associated with that account, including coding, billing and collections.

Facilities: Leases 2,600 sf on a month-to-month basis but lease is renewable for an additional five years.

Owner's valuation at one times trailing twelve months (TTM) revenue; will consider carrying part of the purchase price in a seller note from a qualified buyer with market interest on the deferred balance.

Buyer-paid brokerage fee.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $2,250,000
Cash Flow:   $540,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $100,000
Seller Financing:  Yes

About The Business

Year Established:  1989
Number of Employees:  20 - 34
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased

About The Sale

Management Training and Support:  Owner will provide full support & traning
Reason For Selling:  Semi-retirement & liquidity




Print Listing Id: 700278829
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Also See: Franchise Opportunities > Franchise Resales > New York Businesses For Sale > New York Franchises For Sale > New York Business Brokers



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