Profitable Medical Billing & Practice Support Services Company

TX

Profitable Medical Billing & Practice Support Services Company
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Asking Price: $3,900,000

Cash Flow: $830,000

Gross Revenue: $2,000,000

EBITDA: $630,000

FF&E: N/A

Inventory: N/A

Established: 2000

Profitable Medical Billing & Practice Support Services Company

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Business Description

Reengineering Medical Practices & Unlocking Untapped Profitability

This unique medical billing and practice support services company in Texas is seeking a new co-owner or a partner looking to invest in a compelling and highly profitable business model on the cusp of truly explosive growth.

To be clear, this is not just a medical billing company. The company has developed an innovative method of overhauling the entire function of a medical practice, that increases medical practice revenue by as much as 50% without ever increasing the amount of patients the physicians see. In one case study, the company helped boost a physician’s revenue from $15k per month to $85k per month—$65k of which went directly to the physician’s pocket.

Here are a few additional highlights that make this company interesting:

* The company has cleverly structured its revenue cycle so that it earns 6% of what clients bill their patients.
* From referrals alone, the company has achieved (on average) a 10-15% organic growth rate each year for the last 7 years.
* The company's gross margin is nearly 50%.
* The company has no debt.
* This unique business model can be replicated and expanded to other geographies beyond Texas.
* Another growth opportunity comes with an expanding senior population in the U.S., which will create demand via Medicare, resulting in higher health expenditures over the next five years, through 2024.

The current owners have built a solid foundation poised for further growth with the right buyer and resources.

The acquisition opportunity comprises of two separate companies that operate synergistically to service mutual clients. With one of the co-owners looking to exit and the other eager to stick around, a new co-partner or buyer is needed at this time to help the company achieve the rapid growth it's capable of obtaining.

To learn more about this opportunity, follow the link below to view financial documents, SWOT analysis, a 20-minute Q&A video interview with the owner, company history, and more. You'll notice some of the information is locked—this is to protect the company's confidentiality. To access the private information, simply fill out the electronic NDA in the pop-up window. We will review your request to unlock the information within one business day.

**UPDATE ON DEAL STATUS**

Since this listing went "live", we have received over 180 inquiries. At this stage, we are limiting our selection to buyers who have experience or background in the medical industry and are familiar with medical billing. The seller has decided that he would prefer to find a buyer who has the experience, resources and vision to grow the business with relevant industry background. The seller would like to stay on as a minority partner (20-30%) and offer his extensive experience to grow the business.

Presently, we are in discussions with two buyers on a purchase/partnership agreement. We are placing all further buyers ‘on hold’ until we have some discussions regarding their background experience and resources.

Detailed Information

Employees:
20
Facilities:
The companies share a joint 2,500 square foot (leased) office.
Growth & Expansion:
The services provided are not geographically restricted. A dedicated internal sales team would position the company for national growth.
Reason for Selling:
One owner is leaving (amicably) and current owner seeking new partner.
Business Website:
http://goexio.com/medical-billing-management-company
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Doug Miller

Business Listed By:
Doug Miller

Exio

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