EHR Software Company for sale – Has Accepted Offer
Annual Revenue: $1,200,000
Net Cash Flow: $200,000
The firm provides electronic health records (EHR) software to primary-practice physicians. Its proprietary software platform is easy to use and learn with currently over 1,600 users and 250 unique clients. Over 90% of its revenue is recurring, and it experienced a c.20% YoY growth rate in FY21.
The firm offers a web-based EHR available on iPad/mobile on a freemium model, targeting physicians in the healthcare and clinical space. EHR functions include dashboarding, documentation, scheduling, billing, lab reports, API accessibility and connection, patient POS data systems, and the ability to integrate with >70 popular practice management systems.
Growth Opportunity: The owner’s focus is split with his other business. It has a great base of existing users to monetize with bigger investments in sales. This is a great opportunity for a strategic buyer who is looking to add an EHR platform and a wide base of users.