For sale is a 35-year-old Southern California-based premier billing and management company that provides specialty billing and collections services to chiropractic, physical therapy, and acupuncture facilities.
The business is paid a percentage of all collections, including a portion of anything applied to the deductible. They currently serve over 100 long-term recurring clients, making them the state’s highest-volume alternative medical billing service.
There has been consistent revenue growth, with a dip in revenue and SDE in 2020 due to the pandemic when patients avoided clinics, causing some to lose business or close.
The business has a staff of 12, including a VP trained to run daily operations. The owner looks forward to retirement but is confident they will stay with the company post-sale. Basic knowledge of the medical industry would help a new owner, but it is not necessary because the business has key players with the expertise.