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For Sale: IP W Patent - Manages At-Risk Patient Vital Signs - Chicago, Illinois

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Asking Price

  • Address: Chicago, 60606.

Description

Our client is offering a patented Intellectual Property to manage real-time vital signs of at-risk patients and to provide them to physicians, nurses, and other primary care providers in underserved rural and urban communities. Our client has real-world proof as provided first by an ongoing successful pilot program and subsequently, by actual current and ongoing implementation of the system in one of the largest health systems in the United States. Our client's technology is primed to rapidly take over its targeted market: major hospitals and health systems, as well as individual health services providers, to the great benefit of their chronically ill patients, especially important in underserved communities.

Services for customers include call center technical and engineering support, comprehensive 24/7 call center support, plus additional services to fully support provider and customer requirements. An Oracle Cerner partner, our client has built integration into the electronic medical records that allow patient remote self-measures to flow directly into the patient medical record and patient portal.

RPM (remote patient monitoring) devices allow physicians to be aware of a patient's blood pressure, weight, temperature, blood oxygen, pulse rate, electrocardiogram, or glucose level without the patient having to come into an office or call in.

It is on the horizon for the company to garner $10 million in revenues in 2023. The seller indicates that 'this is based on the great work we've already done and our current customer wanting to expand the program to the north of 50,000 chronically ill patients over the next three (3) years.' Our client's current, existent contract value for 1,000 chronically ill patients, with a single primary health care provider, is $985,000. A five-year Projection assuming only the current client is served indicates that nearly 80% of the investment of our client's asking price would be recovered in 5 years. With a second client of similar size, the venture would already be more than profitable in five years, even considering the marketing and sales investment that would be needed.

An NDA is required to secure a comprehensive Confidential Information Memorandum (CIM). Financing is provided if the price and deal structure are right. Support & training is provided at no charge to enable a smooth transition. The reason for selling is so the owner can pursue other projects.

To get more information about this IP W Patent - Manages At-Risk Patient Vital Signs business for sale in Chicago please phone Rick Carlson (Agent - BRE License #:01820673) at 833-776-6682 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #277822 on BizBen.com. In addition to phoning Rick Carlson, make sure you email Rick Carlson above to get more info about this IP W Patent - Manages At-Risk Patient Vital Signs, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01820673. ProNova Partners.

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Contact

  1. Name: Rick Carlson
  2. phone iconPhone: 833-776-6682

Details

  1. Asking Price: Call / Email

  2. Down: Call / Email

  3. Cash Flow: $350,000.00

  4. Revenue:    $985,000.00

  1. Area: Chicago

  2. City: Chicago

  1. Attributes:

    Broker CooperationAbsentee RunSemi-Absentee RunFinancial AssistanceTraining & SupportOwner/Seller Financing

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