TELEMEDICINE PLATFORM BUSINESS WITH INTEGRATED WEARABLES IN EXPLODING MARKET
(HEALTHCARE, TELE-MEDICINE)
ALL, UNITED STATES
Listed Price: $ 15,000,000
Listing ID: XC-PAT2160
Listing DetailsDown Payment: $ 5,500,000
Gross Revenue: $ 12,500,000
EBIT: $ 3,000,000
Form of Ownership: C Corp
Terms and Conditions: NEGOTIABLE
Reason for Sale:
SEEKING PARTNER TO GROW AS FAST AS THE EXPLODING MARKET
Training & Support:
MANAGEMENT WILL REMAIN ACTIVE AND UNDER CONTRACT
Listing SummaryBusiness Description:
TELE-MEDICINE ! THE COMPANY ENABLES PATIENTS TO MEET WITH DOCTORS ONLINE USING THE LATEST PROPRIETARY VIDEO TECHNOLOGY.
TELEMEDICINE WILL BECOME THE STANDARD WORLD-WIDE PRACTICE OVER THE NEXT FEW YEARS !
The patient gets an immediate consult from a licensed physician who makes a diagnosis and, if appropriate, issues a prescription to the pharmacy closest to the patient. The patient gets immediate attention, at low cost with improved convenience, even if living in remote areas. The doctor is able to see and hear the patient clearly, review the patient’s electronic medical records, update them, and come to decision on next steps…all on a 24/7 basis. The revenue model uses cash up-front subscriptions sold to large companies and benefit plans, together with sales to retail clients.
Historical Summary:
The Company started building the proprietary technology platform in 2014 after recognizing that other platforms were not equipped to handle the growth and integration partner technologies. This Company was built from the ground up with an optimal platform that will thrive in the explosive growth of this industry
Owner Qualifications:
BUSINESS EXPERIENCE
Competition:
A number of tele-medicine companies are in the market and have been recent targets for acquisition. However, no other company is able to offer the proprietary platform flexibility and wearable technology integration that will be necessary to capitalize on the growth in this industry.
Potential Growth:
TELE-MEDICINE WILL BECOME THE STANDARD PRACTICE !
The revenue is highly scalable and is obtained using a platform of sunk-cost technology created in house that is arguably the best in the industry and includes integration with wearable patient devices (heart rate, glucose, blood pressure, activity, etc.). The Company is using its technical advantage of wearable device integration to seize market share for chronic patient monitoring and wellness plan implementation. This allows the company to address a U.S. market of $1.9 B in 2018 growing at 56%CAGR from present levels. To date, only 10% of Americans have started to use this service but the adoption rate is expanding rapidly as tele-medicine becomes the standard practice.
Financing/Terms:
DOWN PAYMENT PLUS LINE OF CREDIT AS NEEDED
LocationFacilities:
VIRTUAL OFFICES DISTRIBUTED ACROSS THE UNITED STATES AND NORTH AMERICA.
OperationYear Established: 2014
Days & Hours of Operation: 24/7
Employees: 11
Managers: 7
Absentee Owner: Yes