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Proprietary Healthcare Service Opportunity - Domestic Medical Tourism
| Asking Price: | Not Disclosed | Inventory: | |
| Gross Revenue: | $2,000,000 | Real Estate: | n/a |
| Cash Flow: | Not Disclosed | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price | |||
Highly Motivated Seller – Very Aggressive Growth Trajectory
Our firm has been retained to find a buyer for Healthplace America, Inc. (the “Company”). This healthcare service company designs and implements surgery benefit management solutions for health plans throughout the United States. Overall, the program delivers proven savings of 30% to 50% vs. typical negotiated costs of U.S. providers. The Company offers institutional healthcare buyers access to a specialty network for high cost medical procedures such as coronary artery bypass, orthopedic and spine surgery at highly rated medical centers throughout the United States.
It also provides administrative, case management, travel, and logistics services for each member through its proprietary information systems platform resulting in a seamless connection between patients and providers. This platform, the Healthplace Surgery Benefit™, is currently available to more than 200,000 health plan members and has been fully implemented into plans covering 30,000 employees. It enables distinguished medical providers to compete to attract patients on the basis of quality measures, convenience and price. In turn, institutional healthcare buyers gain access to high-quality medical facilities on a fixed-rate package pricing basis, eliminating the cost and complexity of billing and claims adjudication and delivering significant savings as compared to prevailing negotiated costs of U.S. providers. The Healthplace Surgery Benefit™ also helps protect health plan providers from the fluctuations in pricing by facility and by region, thereby balancing out their employer healthcare costs.
It also provides administrative, case management, travel, and logistics services for each member through its proprietary information systems platform resulting in a seamless connection between patients and providers. This platform, the Healthplace Surgery Benefit™, is currently available to more than 200,000 health plan members and has been fully implemented into plans covering 30,000 employees. It enables distinguished medical providers to compete to attract patients on the basis of quality measures, convenience and price. In turn, institutional healthcare buyers gain access to high-quality medical facilities on a fixed-rate package pricing basis, eliminating the cost and complexity of billing and claims adjudication and delivering significant savings as compared to prevailing negotiated costs of U.S. providers. The Healthplace Surgery Benefit™ also helps protect health plan providers from the fluctuations in pricing by facility and by region, thereby balancing out their employer healthcare costs.
About the Business
Year Established:2005
Relocatable:Yes
Facilities:The Company’s headquarters are in Lisle, Illinois (suburban Chicago) and housed 40 care coordination staff members, 12 account management staff members and associated supported personnel. The Company also maintains an office in Seattle for software development, finance and accounting activity.
Market Outlook and Competition:Healthplace America, Inc. can enhance consumer choice, provide pricing transparency and reliability, and allow medical providers to compete for patients on the basis of quality and price. Companies and employees receive the benefits of medical tourism without the risks associated with international travel. The Healthplace Surgery Benefit™ easily integrates with existing medical benefit plans expanding the medical choices available to their beneficiaries and offering greater control over healthcare expenditures. By providing all the administrative and case management services along with travel and logistics, Healthplace America, Inc. connects members with world-class facilities and highly trained medical professionals across the country. This is an excellent opportunity for a health plan provider or sponsor to control its largest cost center, a large insurance brokerage firm seeking to offer a complete self insurance option, or a financial buyer seeking a high growth potential investment opportunity. Please contact us for more information as we will be moving towards a sale very quickly.
About the Sale
Management Training and Support:Healthplace America, Inc. delivers unprecedented new value to its health plan clients by bringing together superior executive leadership from within the healthcare industry. Each member averages over 20 years of experience in senior executive leadership roles with health industry leaders and offer a unique combination of industry knowledge from the payer, provider and consulting industries
Reason For Selling:Due to incomplete funding, the investment money ran out and operations ceased in early October of 2009, but the business can be quickly reconstituted with key people available and committed. Annualized revenue for 2009 is approaching $2mm, however given the extraordinary growth opportunity within this industry; pro-formas provided by Ziegler HealthVest Management conservatively place revenues at $16mm for 2010 and $78mm for 2011.
KEYWORDS: surgery, healthcare, health, care, cost, savings, universal, tourism, medical, medicine, insurance, third party administrators, insurers, employees, health plan, self insured
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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