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Healthcare IT Solutions Provider with Multi-Year Government Contract and $6.3 million EBITDA

February 8, 2018

The Company creates information systems that empower healthcare organizations to increase patient care quality and experience while reducing cost and saving time. Its flagship solution, accounting for 85% of annual revenue, has been used to process over 100 million claims totaling over $10 billion in payments. The Company also sells its proprietary software suite, currently producing about 15% of annual revenue that delivers an ONC certified completely integrated electronic health record and practice management solution to outpatient medical clinics and community health centers.

For 2018, management expects revenue to grow 12.3% to reach nearly $9.5 million and approximately $6.3 million in adjusted EBITDA. With additional capital there is an opportunity to expand the product offerings and further drive customer engagement in both the government and commercial sides of the business.

The Company is in the process of rolling out a new cloud-based version of its products. When this transition is completed, it will enable the Company to scale more rapidly by reducing the sales and installation cycles and delivering the product suite at a lower price point.

The Company is at an ideal inflection point with a multi-decade track record, corporate infrastructure, specialized know-how, and good client relationships for a new buyer to take the business to the next level. The principals have worked in the industry for 30 years or more and wish to retire after facilitating a smooth transition of ownership. There is a seasoned, technically proficient and dedicated management team in place including a CIO.