Company Overview

PRIME exits and American Healthcare Capital are pleased to exclusively introduce a Digital HR and Health software developer for sale providing an innovative, all in one communication and engagement platform. This trademarked system aggregates employees facing HR, wellness, communication, and healthcare services into a one stop shop accessible from any device. Companies will have their own Digital HR Ecosystem that seamlessly integrates internally and externally managed systems using single a sign on and data exchange. This generates a greater return on benefits investments by enabling users to do everything from one app, including benefits enrollment, payroll, time and attendance, health and wellness programs, and receiving important company communications. The company offers its own complete suite of health and wellness services to lower healthcare costs using in-house clinical and technology staff.

Financial Overview

The company has realized steady growth from 2020. In that year, the business finished with total revenue of $2.52 million and EBITDA of $1.01 million. Business continued to increase in 2021 with a 20% increase in total revenue and a year over year increase in EBITDA of 26%. The business increased again in 2022 with revenue topping $3.49 million and an EBITDA of $1.63 million. In 2023, the business stabilized with total revenue of $3.45 million and year end EBITDA of $1.525 million without adjustments.

Based on results through June 2024, the estimated year end revenue will be around $3.4 million with an EBITDA of $1.7 million. In addition, the TTM from July 2023 to June 2024 showed a 12-month total revenue of $3.35 Million and an EBITDA of $1.7 million. In this calculation of the EBITDA, no personal or non-recurring expenses have been added back. However, there are 4 senior leaders who collectively take $425,000 annually and plan to exit the business. Thus, these salaries could potentially be added back to the EBITDA, bringing Year End 2023 EBITDA to $1.95 million and the TTM EBITDA to $2.125 million.

Asking Price

The asking price for this listing is $20 million.