Santa Clara County, CA Medical Device and Product Manufacturers For Sale

Manufacturer of Patented Medical Device
Manufacturer of Patented Medical Device

Santa Clara, CA

This manufacturer developed patented technology in the high-fidelity medical simulation industry designed to enhance learning and education in the healthcare training environment. Two factors drive the need for their products. First, medical costs are sky-rocketing. Second, mistakes by medical professionals may result in injury or death, and expensive litigation. These sophisticated, patented products help minimize these costs and risks by providing realistic training simulation products for medical students and staff. The bottom line the use of realistic simulators saves lives because medical staff are better trained to handle emergency situations. The practice of medicine is more efficient and effective with these products, and they reduce the costs of potential litigation. And customers attest to the realism of our simulations. "There is no other product on the market, for any price, that simulates seizures as accurately as [this company's device]." --- Clinical Professor of Obstetrics and Gynecology and Director of the OBSim Program at Stanford Health Services, Stanford University, March 21, 2017. "The [patented technology] solved a need that we had been wrestling with for years.... we are able to accurately simulate a seizure for the first time" --- Simulation Specialist, Center for Advanced Pediatric and Perinatal Education (CAPE), Stanford University, March 21, 2017. The company and its patented products are uniquely positioned to be successful for several reasons. They provide patented technology and products to enrich the learning experience by bringing greater realism to the simulated environment, their products are the only products on the market to realistically simulate seizure and defibrillator responses, and the products are the most cost effective option on the market since they work with any pediatric to adult sized manikin eliminating the need for customers to purchase expensive, robotic manikins. Products can be assembled and shipped within 4 hours from receipt of order. The products and the company are the brainchild of a prolific inventor of healthcare technology with over 100 patents to his partial or exclusive credit. Literally, started in and run from a Palo Alto garage, the business revolutionized the teaching of seizure and cardiac failure intervention. Since his untimely death a few years ago, the marketing of the products has been only by word of mouth, yet sales have been healthy, generating a modest profit for his surviving widow. This is a turn-key enterprise. All the operations are in place with third-party providers of purchasing, assembly, warehousing, and fulfillment. Now it is time for a creative entrepreneur to seize the opportunity and add the aggressive marketing that will cause sales to sky rocket, or for a company in the medical devices sector to add a profitable and prestigious product line to its existing catalog. The products range in price from approximately $13,000 to $17,000 with a gross margin of approximately $10,000 to $14,000 each. Even with NO active marketing or sales effort, sales (shipped and in progress) for the first 3 quarters of 2017 exceed $50,000, and gross profits exceed $40,000. The company is planning a new direct marketing campaign starting in the fourth quarter of 2017 and continuing through the annual International Meeting on Simulation in Healthcare (IMSH) in Los Angeles, Jan. 13-17, 2018." The owner is looking for a buyer who recognizes the intrinsic value of the patented technology and the enormous potential for return on investment. To replicate the technology would cost many hundreds of thousands of dollars of investment, and there would still be the patent protection that would prevent any 'reverse engineering.' The profits can be anticipated by recognizing that there are thousands of potential institutional placements, with a gross margin of $10-$13,000 for each one. Some bright entrepreneur or savvy industry insider will see this opportunity and seize upon it first. Asking Price. The asking price is a nominal $397,000, plus inventory at cost (approx. $80k-$95k), subject to competition, negotiation, and terms. The Seller would also be favorably disposed to a base price plus a royalty on the patented technology for the remainder of the patent term. The Seller intends to accept positive expressions of interest through October 31st, and then negotiate a final transaction with the top three offerors. The Transaction. The acquisition would be of all the company's assets, except for accounts receivable and cash on hand, including inventory, customer database, supply chain relationships, website, trade name, and patent rights. Serious potential buyers are invited to sign the non-disclosure agreement and receive the full prospectus with detailed financial information and realistic projections. Note: All data on this Business are provided by the Seller for information purposes only, and no representations are made by Broker as to accuracy. Broker has made no independent verification of the data contained herein. Buyer is advised to perform independent due diligence and seek the advice of professionals prior to purchasing the Business. Broker represents the Seller, not the Buyer.

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