Healthcare Recovery Collections

Not Disclosed, OH

Healthcare Recovery Collections

Asking Price: Annual Revenue:
$1,920,000 $1,887,780

Services: Business & Office Services

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RE: Healthcare Recovery Collections Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $1,920,000 12.5% Buyer Down Payment: $240,000 12.5% Seller Financing: $240,000 75% Bank Loan: $1,440,000 A 12.5% down payment of $240,000 returns $201,224 in the first year after debt payments!

Quick Facts

Asking Price: $1,920,000
Annual Revenue: $1,887,780
Net Profit: Not Disclosed
Cash Flow: $714,257
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1984
Employees: 17
BBN Listing #: 197834398
Broker Reference #: PRO073

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Business Overview:

This Recovery Collection Business focuses on the healthcare industry, but they also expanded to work with veterinary clinics, other billing services, ambulance companies and local utility companies.

Even with changing healthcare laws and requirements, this is a stable industry with minimal change as collections are a necessary constant in the economy.

They are running the latest technology for the collection and are well-established and trained with the software, which is all compliant with industry standards. Certifications are in the name of the business and stay with the company under new ownership.

Owner transition is negotiable and is also willing to stay on as an employee to see continued success for the business. Staff is currently tenured and dedicated to the business’s success.

This collection business could experience growth by acquiring licensure in other states outside of the current market. Current marketing is minimal, so an expanded marketing campaign could also bring in more business opportunities.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Market Competition and Expansion:

Expanding into other states.

Reason for Selling:

Strategic Exit and Retirement.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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