Business Overview:
An excellent opportunity to acquire a company that was one of the first companies to develop and bring to market augmentative and alternative communication (AAC) products, which allow people unable to speak, to generate speech; very useful for phone conversations or face to face. For over 25 years, the Company has offered solutions for individuals with speech and learning difficulties. Its speech generating devices, using either text-to-speech or digitally-recorded speech, help those with ALS, cerebral palsy, stroke, or brain injury. All of its devices are eligible for Medicare, Medicaid, or insurance. It recently released a new product that is receiving very positive acceptance in the market place. The new product features a more powerful microprocessor, an even brighter screen, a USB port to allow attachment of a mouse, keyboard, etc. The company estimates they have incurred R&D expenditures in excess of $1.5M in development of the new product. This company would be an ideal acquisition for a large medical device company with a strong sales and distribution channel. The seller is prepared to stay with the business and will accept an offer of full-time employment from the buyer.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
under-capitalized to achieve market potential
Additional Details:
- The property is leased.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: