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If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

Businesses For Sale   >>   Illinois Businesses For Sale Categories   >>   

Medical Billing Provider For Sale

Location  Illinois,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $2889018
Net Profit / Cash Flow  $519168
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2000
Number of Employees  35 - 49
Inventory  91838
Relocatable  Not Disclosed
Number of Employees  35 - 49
Real Estate  Leased
Reason for Sale  Other business interests
Description  This well-established company provides billing services, revenue cycle management, credentialing and electronic medical records systems to medical practices in the Chicago area. The firm manages over 50 medical practices comprising over 130 medical practitioners in a wide range of specialties. The company has a tenured and seasoned staff with several key employees that run various functional areas of the business. The business has maintained steady revenues and growing profits and has done so with no proactive business development efforts. With the implementation of the Patient Protection Affordable Care Act and the aging baby boomer generation, the demands placed on the nation's healthcare providers is going to increase exponentially and the need to outsource medical billing will grow accordingly. IBIS World research forecasts over six percent annual growth in the medical billing industry beginning in 2014 for the next four+ years. This company has the client base, infrastructure and employee talent to be taken to the next level. This business has also been pre-qualified by a Preferred SBA Lender for a qualified Buyer.
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