Praxsyn adds Credit Card processing to its portfolio of services.
Portfolio of “unique” services I may add. The company, whom investors associate them for their medical and healthcare, now adds a major revenue stream to the mix. Looking at the chart, trading action shows an increase in volume and the potential start of a new leg up. Breaking a penny will be a good sign and whenever a company announces potential revenues such as PXYN did today, it usually creates some positive attention.
Here is more from today’s NEWS:
After commencing origination and sales of its first pool of medical receivables to a private equity firm (the “Funder”) through its wholly-owned subsidiary, Praxsyn Capital Corporation, Praxsyn (the, “Company”), has begun to offer credit card processing services for the medical practices we are purchasing portfolios from, as well as providers that we don’t.
Our services will enable providers to finance procedures using a credit card, spreading the charges over up to 18 months, in addition to processing of co-pays and cash pay procedures.
Management anticipates as much as $36 Million in additional gross revenue, over the next 18 months and contributing as much as $1,000,000 or more in gross profits during that seem period.
Furthermore, the Company intends to offer medical billing services to practices that utilize any of our menu of services.
About Praxsyn Corporation
Headquartered in West Palm Beach, Florida, Praxsyn Corporation works to realize the vision of medical professionals to improve the lives of their patients. Additional company information can be found at www.praxsyncorp.com.
With a mid-market private equity firm that invests in growth companies, recapitalizes or backs new executives.
Disclosure: PSInvestor has a LONG position in the above-mentioned company. We reserve the right to sell, hold or increase our position at any time… for our full disclaimer, READ HERE.