Medical Collections/Receivables Mgmt. Co.

VA

Medical Collections/Receivables Mgmt. Co.

Asking Price:$4,000,000

Cash Flow:$905,463

Gross Revenue:$1,693,385

EBITDA:N/A

FF&E:$50,000

Inventory:N/A

Established:1996

Medical Collections/Receivables Mgmt. Co.

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Business Description

Here is an opportunity to acquire a well established and growing professional services company that generated over $900K in Seller's Discretionary Earnings for 2015. Management states they are on track to exceed $1MM in Seller's Discretionary Earnings for 2016 and YTD financials through September 2016 would support this.

The Company bills insurance companies for its clients, which consist of hospitals and other health care providers, as well as recovers lost revenue in cases where clients have been underpaid. The Company provides accounts receivable experts who are experienced in all aspects of billing, collections and compliance – and are committed to outstanding client service.

The Company was established in 1996 by its current owners and has enjoyed steady growth and very strong profitability over the years and has attracted and maintained relationships with a loyal group of premier clientele. The company's client list is comprised of 7 (seven) large healthcare providers.

Their clients have included hospitals, home health agencies, hospices, psychiatric facilities and ambulatory surgical centers.

PLEASE NOTE: NDA, Buyer Profile and pre-qualification (financially and operationally) are required prior to release of any confidential information. "Principals Only"

Some Advantages This Business Represents:

• A history of high revenue and earnings. This is a very well run company and generates over $900K in Seller's Discretyionary Earnings.

• Well developed systems are in place allowing for an experienced management team/new owner to be “up to speed” quickly.

• The Company has developed a reputation as a value based leader in its field with a consistently high level of customer service.

• The company has a highly trained staff in place and has experienced very low employee turnover.

• The Company represents some of the premier clients in the industry.

Detailed Information

Employees:
9 FT and 2 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Company's office is located in the DC Metro area and is well suited to its purpose.
Growth & Expansion:
• Recruit Business Development Officer. • Expand service offerings to include "Self Pay" accounts and consumer loans. • Expand marketing efforts to include and pursue physical therapy practices, skilled nursing providers, residential treatment centers, urgent care centers.
Support & Training:
Management believes that due to the well developed systems and procedures that are in place, an experienced management team/new owner(s) could be functional in a short period of time and will provide transition assistance based upon the buyer’s needs.
Reason for Selling:
Retirement

Listing Statistics for Premium Members

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Mark Wood, CBI

Business Listed By:
Mark Wood, CBI

VMW Business Brokers, Inc.

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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