This rapidly growing company is a provider of healthcare related point-of care products, and infection prevention or control products to all health systems and clinics primarily in the Southeastern US. The company provides a custom product/services solution with critical ongoing maintenance services that has helped them to establish and maintain long term client relationships.
As a result of a broad based initiative to enhance several aspects of the company’s business model, operations, sales, marketing and processes, the company enjoyed a very successful 2020 and 2021, and is positioned to enjoy continued strong growth in the years ahead. Annual revenue grew from $1.44 MM in 2019 to $2.95 MM in 2020 to $4.7MM in 2021. The pipeline for new sales in 2022 is strong, and 2022 YTD sales are off to a great start. Since this strong financial performance has occurred just in the last two years, the owner is making payment of the $360K seller note contingent upon the business continuing this success for two years after the close of the sale. Strong growth opportunities exist with all products and services going forward, and expansion into new geographic markets is possible.
The company represents several leading healthcare and technology product lines and has been very successful in developing new relationships with other manufacturers, distributors and resellers. Strong alliances exist with companies such as Hewlett Packard, Lenovo, CISCO, Microsoft, Capsa Healthcare and others. The company’s client list of over 200 clients includes many of the who’s who of healthcare providers in the Southeast, and they continue to win major new clients throughout the SE region and beyond. Infection prevention and control is now and will continue to be a priority across industries in the COVID and post-COVID world. The company can grow this business in healthcare and across other industries.
Healthcare industry experience is not required for a new owner, but IT industry experience would be beneficial. Executive level experience in managing a large organization or business ownership experience of a multi-million dollar company is required.
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