Business Description
This nationwide healthcare IT consulting firm provides a variety of technology and strategic consulting services to healthcare organizations and hospital systems nationwide. The company has grown at a breakneck pace with over 30 clients, including many of the biggest names in the healthcare industry. The founders have taken their industry knowledge and ability to scale employees and foster customer relationships with rock-solid support, giving the business stable and recurring revenue along with the single-project revenue.
In 2021, this company achieved incredible revenue from a dozen customers, and as of the end of 2022, they have three times that. These new customers, combined with an increase in bill rate, mean 2023 is all but certain to achieve a huge jump in revenue over 2022 while maintaining a 20% margin. Customer retention has not only been incredibly high, but most are constantly expanding their contracts, resulting in greater monthly recurring revenue, with no single customer making up more than 20% of that revenue.
This business operates completely remotely, and the owners are not involved in the day-to-day operations. Their primary duties are executive oversight, hosting dinners, and some sales work. The owners are open to bringing on a majority stakeholder or selling the business.
Due to the sensitive nature of the business, we will be contacting you directly after NDA submission to qualify your organization before sharing the CIM/Financials.