Annual Revenue: $3,145,000
Location: New York
Software Company with a niche in the Electronic Medical Records (EMR) industry was sold. Their proprietary software is easy to use and learn compared to their competitors and as a result this has allowed for significant growth of the company. Over 50% of their revenue is recurring revenue that their customers pay every month or year. There are federal government subsidies for Medical Organizations to convert their medical records systems to certified EHR software for Medicare and Medicaid billing. In addition to subsidies and potential penalties EMR software provides health care practitioners the ability to more efficiently manage their customer records and provide better customer service with a compelling return on investment. There are significant barriers to entry in developing the numerous features for their particular niche that competitors simply don’t have in their products.
Growth Opportunity: Currently they have a very small sales staff and sell all their products directly to customers. A new owner could grow the sales force and potentially establish reseller relationships.
Down Payment: $3,000,000