Rapidly Growing Remote Independent Medical Evaluation Company

Business Description

For sale is a Canadian company offering high-quality comprehensive, and unbiased medical evaluations for independent medical assessment companies with over 200 customers, primarily insurers, employers, and lawyers. The company assesses 150 to 200 cases monthly, with base assessment fees ranging from $1,500 to $4,500. Half of the assessments are virtual, and the other half are in-person. Additional fees are charged for travel, office space rent, file sizes over 500 to 1,000 pages (billed per page), and multiple benefit questions.

The employees experience a 100% remote work environment, while the Psychiatrists travel to clinics if in-person assessments are needed. Also providing support for the Psychiatrists are 50+ support staff contractors who are trained in-house. Most of the contractors are local to Canada, but some are off-shore. They work various hours and fill the roles of Medical Scribe, File Summarizer, and Proofreader.

The sellers seek a buyer or an equity partner to help grow the company to the next level. The buyer wouldn’t need any licenses to continue current operations.

 

Nov to Oct Fiscal Year 2020-2021 2021-2022 2022-2023 2023-Feb 2024
Revenue $3,833,883 $6,279,938 $7,593,029 $2,394,758
Earnings $1,285,925 $2,162,588 $3,573,649 $1,241,642

*All financials are reported in Canadian Dollar.

 

This listing requires seller approval for the CIM. We appreciate your patience as we receive approval and we will send you the CIM as soon as possible.

Financial Overview

Asking Price: $24,000,000 CAD

Revenue: $7,593,029 CAD

Income: $3,573,649 CAD

Multiple: 6.7x

Sign the NDA