Specialized Medical Clinic Based Near Illinois-indiana Border (4016) For Sale

Established in mid-2022 as an offshoot of a 15-year-old PE-backed chain of medical centers, this specialized vascular clinic is focused on niche procedures and is experiencing significant growth. The clinic is owned and operated by a renowned cardiac surgeon who will stay on after transition and is looking for a majority partner to help drive the next level of expansion. The clinic operates in a state-of-the-art leased facility with advanced medical equipment, specializes in minimally invasive stent placements, and provides comprehensive consultations five days a week. Stent placements are performed 5 to 6 days per month. The dedicated team includes full-time and part-time staff, supported by a robust referral network, making it a compelling investment opportunity.
Investment Highlights
Sales/Earnings
•     TTM May ‘24: $2.6 M revenue; $1.1 M EBITDA; $1.2 M Adj. EBITDA
•     109% YoY growth over same period in ’22–23; 34% growth over 2023 full year
•     2023: $1.9 M revenue; $400k EBITDA | $600k adjusted EBITDA
•     Full Year 2024: Expect 85% increase in revenue and a 3.5x increase in adjusted EBITDA vs. 2023.
Customers
•     Organic traffic. Most customers are referred to the practice.
Team & Assets
• The owner or surgeon leads a core team of 3 FTEs and a flexible roster of part-time nurses and technicians. The team includes a Director of Operations, an RN, a front desk staff member, Physician Liaison/Marketing staff, and additional support for procedure days, totaling 10 PTEs, all of whom will stay post-sale.
•     The clinic is equipped with state-of-the-art Philips and Samsung medical equipment, including ultrasound machines, recovery carts, patient monitors, crash carts, and a C-arm with IVUS tower.
Growth Opportunities
•     Increase procedure volume by adding more procedure days per month. There is currently a high patient load and excess demand.
•     Introducing new diagnostic and treatment services to boost revenue and patient throughput.
•     Opening a second clinical location once a second attending is brought on. About a $350k investment in capex.
•     Geographic expansion and enhancing the referral network can attract new patients and broaden the clinic's reach.