Latest / The Buyer & Seller Podcast with Fexingo: Business Brokers, Exits, and Private Sales Explained
How a Medical Billing Business Sold at 75x EBITDA with Software Data
In this episode, Lucas and Luna break down how a medical billing company with $2.3 million in profit sold for over $170 million — a 75x EBITDA multiple. The secret wasn't just recurring revenue; it was the proprietary software that tracked billing codes, denial rates, and payer behavior across thousands of providers. Lucas explains why buyers paid a premium for the data moat, and Luna questions whether such multiples can hold in a rising rate environment. A detailed look at what makes a 'software-enabled services' business the holy grail for private equity.
#MedicalBilling…
The skinny
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