Monday, 5 February 2018

Medical Billing and Practice Management Company (East Coast US)



Business Description:  The Company provides medical billing and full practice management services through multiple locations. Its diverse client base is located across the United States. The Company’s skilled and long-term employees are in place to handle operations effectively and provide a seamless transition to new ownership. The Company has demonstrated strong year-over-year growth in revenues and profits.

Strategy:   The Company is growing aggressively.  2017 first quarter puts the company on track to do $9.3MM with $933K EBITDA.  They continue to focus on providing a full spectrum of services to their clients.  Currently approximately 30% of the revenue is generated through medical billing and 70% through practice management services.  The have multiple offices throughout the United States and look to continue to expand their customer base.

Operational Strengths:   The Company has a strong operational team.  Current owner is not involved in the day-to-day management of the company.  With software, systems, and redundancy in systems and personnel, the Company has a strong operational base.  Using its expertise and experience in providing medical billing, staffing, HR, consulting, and operational support for their clients, the Company continues to show improvement in profit margins.

The Transaction:  As the owner has other business interests, he is seeking to sell the entire business and is available to provide a smooth transition.

Financial Summary

2016
2015
2014
Revenue
$8.8 million
$7.3 million
$6.0 million
EBITDA
$720K
$619K
$504K

Other Highlights
Location
Financials
Management Team in Place
Years in Business
SIC Classification
East Coast
Compiled
Yes
15+
641199, 7089, 7363, 7389






Direct All Inquiries to:

Gottesman Company
Refer to:  S-2924-1 JPN
Tel: 212-330-8010     Fax: 646-434-4557
                                       E-mail: office@gottesman-company.com