American HealthCare Capital is pleased to introduce a large medical practice in Kansas serving clients throughout the state, both in person and via telemedicine. The practice has a network of over 60 physicians covering a variety of specialties with privileges in more than 20 different facilities. Patients can be seen at the partnering facilities, in the company’s free-standing clinic, or via telemedicine. In addition, they offer their own low-cost telemedicine hardware and proprietary, patented software, which allows providers to complete a HIPAA approved exam, text, organize a waiting room, and more. They sell additional discounted medical equipment as well.
The company has experienced growth every year since its inception. They went from gross revenues of $1.1 million in 2018 with a loss, to nearly $2.7 million in 2019 with net profits of $254,440. In 2020, despite the pandemic, they almost doubled their revenue at $4.7 million with adjusted pretax profits of approximately $800,000. Most of the revenue in 2020 was generated from physician services, with only a small portion from sales of telemedicine hardware and software. A new owner could easily grow this portion of their business.
The staff is expected to stay on under new ownership, including their contracted physicians.
The asking price for this opportunity is $6 million, which includes 2 patents.
If you would like to learn more, please contact us for a Confidentiality Agreement that will allow us to share more detailed information with you.