PXYN HUGE NEWS OUT Praxsyn Launches Credit Card Processing.
11/14/19, 5:30 AM
WEST PALM BEACH, Florida, Nov. 14, 2019 (GLOBE NEWSWIRE) -- Praxsyn (OTC:PXYN) is pleased to provide this corporate update to all of our shareholders.
Praxsyn adds Credit Card processing to its portfolio of services.
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.
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