Medical Records Service Business For Sale

Business description

This company specializes in converting paper medical records to digital and microfilm media. Converting medical records to other media will continue to be a necessary service due to mandatory signatures needed from patients, doctors and nurses. Hospitals and clinics do not have the space, staff or equipment needed to convert the volume of paper generated in the medical industry. The firm's relationships with local hospitals has been nurtured over the past 20 years. One major hospital has contracted with the company to convert 6 years of paper records. This contract alone will produce $250,000 a year in revenue for each of the next 6 years. Due to health reasons, the current owner has not attempted to grow the business over the past 5 years. Revenue could easily grow to $1,000,000 with the existing equipment.

Property information

Location:

Conviently located close to the major hospital account.

Premises details:

5000 sq ft warehouse type facility that houses 6 high speed scanners and other equipment used for digital and microfilm conversion. In addition, the facility stacks of paper documents waiting for conversion.

Size in square feet:

5,000

Other information

Expansion potential:

Huge growth potention with doctor's office, clinics, urgent care clinics etc. etc.`

Competition / Market:

Very little competition in the area.

Support & training:

Training period to be determined.

Reasons for selling:

Health forces sale.

Furniture / Fixtures value:

$50,000 (included in the asking price)