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Details - Information last confirmed on January 20, 2021
The Company is an authorized distributor of leading healthcare communication technology manufacturers. It is committed to providing quality communication solutions at competitive prices, with reliable customer service and sound engineering. Its scope of offerings includes complete integrated solutions, parts and repair services, upgrades, and related programming and software. In 2018, the revenue mix included project system installs (35% of sales), parts sales and equipment repairs (32%), maintenance contracts (28%), and service calls (5%).
During 2018, the Company’s customer markets comprised healthcare end user sectors (80% of sales), government (14%), healthcare distributors (5%), and other corporate customers. Typical customer contacts are administrative and nursing directors in hospitals and nursing homes, and in other markets, the Company may work with a range of electrical contractors, facilities maintenance technicians, architects and engineers, commercial building owners, and property managers.
Complimentary platforms to the product portfolio such as nurse call systems, wander
management, paging, and door security, have helped position the Company as more of a
one-stop solution provider, supporting everything from product sales, to large system
installations, and service/maintenance contracts.
Estimated Revenues for 2019 = $1,100,000 with nearly 50% Gross Profit and $225,000 EBITDA. Historical steady growth. Management has positioned the Company to leverage its market position and customer networks to capture additional market share in immediate years and believe that in the hands of new ownership with the appropriate inclination and resources, the Company’s best growth opportunities can be realized. The owners could be an integral part of the growth of the business, with the possible retention of minority ownership, until phasing into retirement. Owners are in their late 50’s and seeking a sales and marketing partner who is also capable of financing reasonable increases in business.
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