Multi - Specialty Medical Billing Company - Northwest
www.GlobalBX.com
Listing ID:
700278887
Listing Title:
Multi - Specialty Medical Billing Company - Northwest
Quick Link:
http://www.globalbx.com/listing.asp?bId=278887
Industry:
Health and Medical
Industry Segment:
Other Health and Medical
Country:
United States
State / Province:
Area
City:
Pacific Northwest
Asking Price Range:
$500K - $1.0M
Gross Revenues:
$1,100,000
Cash Flow:
$212,000
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
1999
Number of Employees:
10 - 19
Business Description:
Traditional medical billing/revenue cycle management company established in 1999 that provides billing, coding, collection and practice management services. 22 active clients with mult-specialties including family medicine, surgical/sports medicine, reproductive health and many others. All clients have written contracts that are automatically renewed annually, and many have been with the company for 5-15 years. Revenue has been stable for the past several years.
Single office with a month-to-month lease. None of the customer contracts prohibit offshoring if that is the buyer's model. Manager in place that has direct client contact would be capable of running the daily operations after the sale, plus 11 FTE employees. Opportunities for growth as well as cost reductions for a buyer through outsourcing additional labor, eliminating software and other duplicate expenses.
Owners will consider staying on a p/t consulting basis after transition if buyer wants and taking part of the purchase price in a seller note. Buyer paid brokerage fee.
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