Medical Equipment Services & Testing Company

(East Coast Biomedical Service) This Well-Established Ambulatory service company services over 80 ambulatory surgical centers within the New Jersey, and Philadelphia markets. They have recurring revenue with repeat clients. We had some potential buyers from within the healthcare industry however an individual buyer that was involved in a family real estate investment firm had been looking at a couple of companies that we had for sale. He liked this company the best and made a full-price offer. He wanted to own his own business separate from his family office investment firm and he liked the recurring revenue business model. The buyer was able to pay the seller in full at the closing with SBA financing and a 50% down payment to the bank.