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Attention: Sun Acquisitions facilitates sale of Medical Billing Firm

Sun Acquisitions, announces that Domenic Rinaldi, Managing Director, completed the sale of a medical billing provider.

PRLog - June 27, 2014 - CHICAGO -- Contact: Domenic Rinaldi, Managing Director
Address: 8735 W. Higgins Road, Suite 160, Chicago, IL 60631
Phone: 773-243-1603
Email: drinaldi@sunacquisitions.com
URL: www.sunacquisitions.com (http://www.sunacquisitions.com)

Chicago, Illinois

Domenic Rinaldi, Managing Director of Sun Acquisitions, Completes Sale of Medical Billing Firm

Sun Acquisitions, (http://sunacquisitions.com/ (http://sunacquisitions.com/)), announces that Domenic Rinaldi, Managing Director, completed the sale of a medical billing provider. The company provides medical billing services to doctors in independent practices in the Chicagoland area. The business has served the Chicagoland market for over twelve years. The medical billing business offered a number of elements attractive to buyers: multi-year contracts, a robust operating infrastructure, and B2B sales in the growing health care market.

The advent of the Affordable Care Act has propelled the medical billing industry into an aggressive acquisition mode. Of the over 2000 medical billing companies in the USA, the majority are small players with fewer than fifty employees and revenues of under four millions dollars. About sixty percent of medical billing companies serve hospitals, thirty percent focus doctors with independent practices and the remainder serve allied providers like chiropractors and nurse practitioners. Our client was desirable because they focus on independent doctors, which under to implementation of the Affordable Care Act, whose practices were anticipated to grow while hospital services will decline as preventative care delivered by doctors’ practices replaces emergency care from hospitals.

As our client was in the highly desirable market of independent doctors, the business attracted a variety of buyers: individuals, strategic acquirers, and competitors. Over two hundred inquiries were made and over thirty people reviewed the confidential business profile. Sun Acquisitions received ten offers on the business. With a variety of buyers vying for the deal, the seller had the opportunity to craft a deal structure that met his needs. Beyond getting over full asking price for the business, the deal closed in less than six months.

“The seller maintained impeccable financial records which resulted in an expedited diligence period”, stated Domenic Rinaldi.  “Despite the complexities of this business, buyers were able to quickly ascertain what they were buying which resulted in maximum value for the owner”.

“Sun Acquisitions did an excellent job in representing me” stated Al Walker principal of HPCP.  “I was very pleased with the results and felt supported throughout the entire process of selling the business – marketing, identifying prospects, onsite meetings, negotiations, and referrals to closing professionals.”

About Domenic Rinaldi

Domenic Rinaldi is the President and Managing Partner of Sunbelt Chicago. He was awarded the professional designation of Certified Business Intermediary from the International Business Brokers Association and is considered an expert in the field of business brokerage. He is a seasoned executive who brings over 24 years of proven experience in merger/acquisition, sales, service, marketing and operations to the business brokerage arena.

Domenic is recognized by colleagues and associates as a leader with determination and integrity. He has helped countless business owners develop, execute and maximize their exit strategies. The business press frequently turns to Rinaldi as a subject matter expert in small and lower middle market transactions in Chicago.  http://sunacquisitions.com/team/

About Sun Acquisitions

Sun Acquisitions provides mergers and acquisition services to clients interested in the confidential sale, acquisitions or valuation of privately held mid-market companies. Sun Acquisitions has successfully managed and handled engagements in all kinds of industries and are recognized as a leading advisory firm in the Midwest.  Sun Acquisitions expertise is with transactions of businesses with revenues from $3 million to $30 million and EBITDA of $500,000 to $8 million.

Sun Acquisitions leverages the experience of its M&A advisors to bring the sophistication of large M&A transactions to the small and middle markets in an efficient, cost effective, and professional manner. Clients know that we have the expertise to manage the lifecycle of their transaction including clarifying objectives, creating leverage and maximizing ROI which are the cornerstones of any successful deal. http://sunacquisitions.com/current-engagements/

Domenic Rinaldi

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Contact Email:
***@sunacquisitions.com Email Verified
Source:Sun Acquisitions
Location:Chicago - Illinois - United States
Industry:Business, Health
Tags:buy business, sell business, business broker, mergers and acquisitions
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