773.243.1603
773.243.1603
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Listing ID:3N793

Sold – Full-Service Medical Billing Firm

Sold

The Company provides Revenue Cycle Management, Electronic Medical Records, Training and Implementation, Payer Credentialing, and Reporting and Analysis.  The company has many long-standing provider relationships which it has grown organically over the years.  The company has a comprehensive platform that enables a medical practice to quickly improve the patient experience and increase the net revenue being collected by the practice.  A key component of the platform is their Electronic Medical Records Systems which enable a practice to seamlessly manage the patient scheduling and billing data across all the entire practice.

The medical billing industry is forecasted to grow at a much faster pace than the general economy.  This growth is primarily fueled by the aging baby boomer population that is seeking more medical attention and the 30 million people being added to the health insurance platforms as the Patient Protection Affordable Care Act goes into effect in 2014.  This company has both the people and resources to handle the anticipated growth in the industry.

Transcation Details

  • Location

    USA, Chicagoland, Illinois

  • Results

    200 Inquiries
    35 Showings
    6 Offers

  • ESTABLISHED IN

  • Real estate Included

  • Full-Time Employees

  • Franchise

  • Industry

    Service

  • Reason for Selling

  • Inventory Included

  • Part-Time Employees

  • Business

    Sold – Full-Service Medical Billing Firm

  • Acquirer

    Investor

  • Annual Revenue

    $5,970,000

  • Annual Cash Flow

    $519,168

  • Seller Financing

  • SBA Financing

  • Listing Price

    $1,825,000

  • Acquisition Highlights

    – Services > 140 Medical Providers & 60 practices
    – Consistent performance
    – Rapidly Growing Medical Billing Industry
    – Long Term Customer Relationships
    – 13+ Years in Business
    – Steady Performance
    – Key, Long-Standing Employees

Domenic Rinaldi, CBI