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Health Insurance Company for Sale in Kochi, India

For Sale: IT-enabled health insurance claims processing company using image-based data capture and reporting services.
This transaction has concluded.

Established 20-30 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 180 thousand
Run Rate Sales USD 180 thousand
EBITDA Margin 20 - 30 %
Industries Back Office Outsourcing + 1 more
Locations  Kochi
Local Time 2:44 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 500 thousand (Native Currency: USD 500,000)
Reason: Indian director seeks to retire. The US company is considering transfer 100% shares of this Indian e... View More
Includes physical assets worth USD 112 thousand
Interested to connect with advisors
Documents
Business Overview

- Health insurance claims processing company that uses technology assisted forms recognition, OCR and validates data through operator-assisted processes.

- All company processes are HIPAA compliant.

- Recurring monthly contracts of USD 10,000.

- This entity was established 18 years ago as a fully owned American company incorporated in India. Business is fully operational.

- All contracts are given by an American entity with the same name.

- Debt-free business with no liabilities.

- There are two directors and 100% shares are owned by an American citizen who is the CEO of the American entity.

- The Indian director of this company has been in this business for the last 24 years and they were key to the commencement of India-based operations 18 years ago.

- The buyer gets the legal entity, along with its contracts, staff, and deed for the leased spaces.

Products & Services Overview

Health insurance claims like HFCA 1500, UB-92, and dental claims are received as images from the client.

Images are processed using technology aided forms recognition and optical character recognition. Captured data is processed through automated data validation. Data integrity is assured through operator-assisted modules and processes. All processes are HIPAA compliant.

All operations are based on a seamless workflow that extends from Ca in the USA to Kochi in India.

Assets Overview

Going business, long-term leased built-up spaces including independent building with all equipment and software.

The leases, equipment and software have a combined value of USD 112,500.

Facilities Overview

2 facilities in highly secure premises.

The first facility is an approx 4,500 sq. ft. space in an SDF (standard design factory) building. The lease for this facility is renewable once every five years through a seamless process.

The second facility is an independently located two-floor office building in 25 cents of leased land. This independent plot has a built-up area of 3,000 sq. ft. and has a toilet block of 900 sq. ft.

The plot (land) is held on a 15+15-year lease with the SEZ Authority - Government of India. Currently in the sixth year of the lease.

Both facilities are on a renewable lease basis with the lessor being the Govt. of India, SEZ Authority.

Rent payable currently works is INR 1.92 per sq. ft. per month for the land (plot) area and INR 13.30 per sq. ft. per month for the space occupied in the SDF building.

Capitalization Overview
Not Disclosed
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.

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