• Cash at closing: $85,000, (this allows the buyer to break even in 2 years without growth)
• Earnout: 15% of gross revenue for 7 years
• Rollover equity: 10% of the entity
This cutting-edge digital healthcare SaaS company specializes in access management solutions. The system is currently tailored specifically for the senior living industry but can seamlessly adapt to various sectors and locations, from laboratories and medical facilities to schools and more.
With over three and a half years of industry experience, the company has established itself as a reliable and forward-thinking provider in this space. The journey began in 2020 with development and then beta testing in 2021, followed by a successful live launch in mid-2022 converting beta customers into paying clients. To date, they have generated approximately $140,000 in total revenue with 30 clients countrywide primarily driven by word-of-mouth endorsements and referrals from the beta customers since they have no dedicated sales team.
At the intersection of proven Product-Market fit, the company is poised to take the next strategic steps in the company's evolution. Specifically, they are preparing their V2 roadmap, planning to expand the team, and potentially exploring strategic marketing strategies to capitalize on the demand their product has generated.
Services: The company’s core strength lies in its recurring revenue model, offering customers a consistent and cost-effective solution. What sets it apart in this space is its unique positioning. Unlike its sole competitor, this company has built its platform from the ground up as a pure SaaS company offering the highest level of functionality with the lowest barriers to entry.
There are no upfront fees, and the product is scalable; it can effortlessly adapt to meet the evolving needs of not only the senior living community but any other industry, ensuring a seamless and secure access management system at any scale. The system has the capability to seamlessly connect with Electronic Health Records (EHRs) and other systems, facilitating the bidirectional exchange of both its data and their data.
• Physical or Digital Badges
• Vendor Hour Tracking
• Custom Sign-in Flows
• Security and Compliance
• Reporting and Analytics
• Alerts and Notifications
Transition Support: The core team is fully committed to transitioning with the right buyer and is amenable to exploring various offers / deal structures that include a minimal upfront closing amount and a structured earnout.
Reason for Selling: The owners are compelled to sell due to unforeseen health challenges that have restricted the ability to actively promote and sell the solution to customers.
Growth and Expansion Opportunities: The company is the second entrant in a sector where the growth potential is substantial. With the senior living access management market commanding $18 million in one-time implementation costs and an additional $3 million in ongoing monthly recurring revenue, the opportunities are both lucrative and abundant.
In a market driven by the pursuit of efficiency, security, and excellence in senior care, and the US Administration’s critical reforms for senior care, the access management system offers a comprehensive solution.
By providing real-time tracking and management of staff access, the product aids senior living facilities in ensuring they have the right number of well-trained staff to deliver high-quality care. Furthermore, it enhances transparency, aligning to make facility ownership and the quality of care easily accessible for potential residents and their families. With this solution that also offers reporting and analytics capabilities, facilities can not only meet these crucial reform requirements but also proactively enhance their accountability and services to safeguard taxpayer dollars and the well-being of their residents as well as comply with state and federal regulations and audits.
The solution exhibits remarkable scalability, capable of accommodating a surge in users while seamlessly adapting to different industries and locations.
