Thursday, March 21, 2015
FOR IMMEDIATE RELEASE
Attention: Sun Acquisitions has been engaged to sell a Chicago-based medical billing company.
Contact: Jordan Whitehurst, Director of Corporate Development
Address: 8735 W. Higgins Road, Suite 160, Chicago, IL 60631
Sun Acquisitions (www.sunacquisitions.com) announced today that they have been engaged to sell a medical billing company located in Chicago. This company handles medical billing for a variety of health professionals. They receive master bills from their clients, they check the forms carefully before submitting to the respective insurance companies. The company has a 99% first pass acceptance (FPA) rate, compared to the national average of 70%. The high acceptance rate makes this company highly efficient and capable of processing more claims with fewer people.
Sun Acquisitions will manage the entire engagement to ensure a successful transaction is completed. Engaging an intermediary in the sale of a business assures business owners that they will get the best pricing and terms, the transaction will remain confidential, and most importantly, give the business owner the freedom to concentrate on his business.
The company offers medical billing services to a wide variety of medical and health practitioners, including:
- Internal medicine
- Pain management
- Physical Therapists
While their billing rate is higher than services offered through offshore work, the company’s success In FTP rate and ability to provide responsive, individualized services warrants the rate.
The business also has a strong opportunity for growth and expansion. They are projecting a 14% growth rate for 2015, based on signing new customers recently, they don’t currently have a website or perform any form of online marketing, and the owner currently does no outbound marketing. Their sole source of business is referrals. With a 99% FPA RATE opens the options for many different avenues of growth and expansion for a potential buyer.
About Sun Acquisitions
Sun Acquisitions provides mergers and acquisition services to clients interested in the confidential sale, acquisition or valuation of privately held mid-market companies. We have successfully managed and handled engagements across all industries and are recognized as a leading advisory firm in the Midwest. www.sunacquisitions.com
Contact Sun Acquisitions for more information at 773-243-1603.