Medical Records Billing Company, SouthEast, USA $2.8M EBITDA

Medical Billing
Asking Price:$11,500,000
Gross Revenue:$3,773,920
EBITDA:$2,798,936
Established Year:2014
Cash Flow:$2,798,936
Rent:$4,200/Month
FF&E:$150,000
BUSINESS DESCRIPTION

An established, highly profitable medical professional
services/billing company that handles processes within the medical
sector and release of information for doctors’ offices and
clinics.
This company’s approach is based on state-of-the-art,
ecofriendly technology. Provides a secure software offering to fill request and ensure PHI is securely transmitted.
Documents are sent at the click of a button.
Hundreds of physicians and their practice managers throughout the Southeast rely on this company to provide fast, accurate, and secure service of information requests while operating as a partner in practice profitability.

Opportunities:
Company is run absentee out of state currently. Business would greatly benefit hands on ownership and the introduction of a marketing strategy. The company has not marketed for new business in years, in fact they are just trying to keep up with the work that they continue to gain through existing partnerships.

KEY FEATURES:
• Proprietary software - Can be customized to client needs, extremely
user friendly, up to the minute status on operations.
• Relocatable - Operations can function almost anywhere and
employees could almost be completely remote.
• Team – Owners are not involved in day-to-day operations and have
confidence in on several long-term, quality, knowledgeable
employees.
• Foundation - This company is well thought out and already a very
profitable company with excellent potential via expansion into new
territories and/or new services.
• Long Term Clients located throughout the Southeast of the US.

Real Estate ( available for purchase from sellers):
Two story, 5,000 square ft. building with a fully finished basement (with separate entrance).
Building may be divided into separate work areas for different businesses or may serve as a space for one
business. There is one tenant currently, but the remainder of the building is used for operations.
For additional information contact Gulfstream Mergers & Acquisitions.


ATTACHED DOCUMENTS
GSM 400.pdf Download

DETAILED INFORMATION
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
5,000
Lease Expiration
06/01/2025
Employees
28
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Completely outfitted corporate offices and satellite locations
Competition
There are some gigantic companies who do this but the service and business model of this company has significant advantages
Growth & Expansion
The company currently operates in 3 southern states, the whole US is open to expand Regular growth even without a hands on owner running the day to day.
Support & Training
Seller will train but the company is run by management
Reason for Selling
Seller lives in another state and had family considerations
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Jim
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Jim Kniffen