Company Overview

PRIME exits and American HealthCare Capital are pleased to exclusively present an Imaging Company for sale in the Mid-Atlantic area. The Company currently has four (4) facility locations and provides weight-bearing positional magnetic resonance imaging (“MRI”) services and digital motion x-ray scans.  At present, the Company consists of one Owner, a Chief Operating Officer, and a small staff of radiologists, radiology technicians and administrative personnel.

Financial Overview

The Company payor mix is currently 90% percent health insurance, 5% cash at the time of service, and 5% personal injury cases. Recently, the Owner has decided to focus more heavily on providing MRI services for attorneys representing injured patients because the payments are significantly greater than traditional health insurance – averaging 500% of health insurance reimbursements. Furthermore, there are no credentialing, pre-authorization and collection costs for personal injury patients.  A marketing plan has already been developed and successfully launched to target personal injury attorneys.

Staff Overview

The current Owner and Chief Operating Officer are interested in remaining with the company during a reasonable transition period to a new Owner.  Furthermore, the radiology technicians and administrative staff are also expected to remain with the Company.

Asking Price

The asking price for this opportunity is $2.5 million or best offer and includes approximately $700,000 in accounts receivable.