Services - Computer & Software | Services - Health, Medical & Dental

Asking Price	$2,000,000	Inventory
Gross Income	$600,000	Real Estate
Cash Flow	$150,000	Year Established	2000
FF&E	$50,000*	Employees	5

* included in the asking price

** not included in the asking price

Company has developed and sells the most comprehensive and cost-effect practice management solution for both solo and group practices of any size. It is adaptable to different corporate structures, clinical specialties, billing methods and user's specific needs. System is quick and easy to remotely install and use. System operates with a single user or a LAN/WAN network and runs on any Windows OS on a PC or MAC. The Electronic Medical Record feature includes customization for different specialties, with extensive linking to other records, both within and outside of the location. Electronic Prescription writer uses a national drug index. Marketing is done by an inside sales force. Many sales are as a result of referral or conversions from other systems. The 2009 American Reinvestment and Recovery Act provides medical offices and community clinics with up to $44K to assist in their conversion to Electronic Medical Record Systems. This company is perfectly positioned to take advance of this unique sales opportunity. Development is based on the latest 2009 platform and the expected EMR certification process is currently being addressed as wll as the future Continuity of Care Record (CCR) protocol.

Facilities: Modern 2,000 SF offices, with networking, servers, computers, printers, dual-monitors, telephone systems and office furniture.

Competition: Medical practice software field is divided into mainly larger systems for hospitals, etc. This company's products are tailored to medical practices from a solo clinician to up to 50 users.

Growth/Expansion: New economic stimulus package (ARRA) will provide up to $44k for medical offices that agree to use Electronic Medical Record Systems, which this company's provides.

Financing: Possibility of partial earnout.

Support/Training: Owner and chief developer will stay on for up to two years to insure an orderly transition.

Reason Selling: Seeking capital or merger to grow businesses.