Profitable Medical Billing/RCM Company

South East

Seller Financing Available
Profitable Medical Billing/RCM Company
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Asking Price: Get Financing: N/A

Cash Flow: $540,000

Gross Revenue: $2,250,000

EBITDA: N/A

FF&E: $100,000

Inventory: N/A

Lease Rate: N/A /SF

Established: 1989

Profitable Medical Billing/RCM Company

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Business Description

Mid-Atlantic location. Fully-compliant medical billing and revenue cycle management service business with 28-year track record of profitable operations and 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. Annual revenues have consistently been in the $2.2M-$2.4M range for the past several years and are on target for that range again for 2017.

All employees are assigned accounts and are responsible for all tasks associated with that account including billing, coding and collections..

Owner's valuation is at one times trailing twelve months (TTM) revenue; will consider best offer including 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.

Detailed Information

Real Estate:
Leased
Building SF:
2,600
Lease Expiration:
N/A
Employees:
20
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Leases 2,600 sf on a month-to-month basis but lease is renewable for an additional five years
Support & Training:
Owner will provide full support and training during transition.
Reason for Selling:
Semi-retirement and liquidity.
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Business Listed By:
Ron Salupo/Corporate Finance Advisors

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