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.
- Asking Price:
- Undisclosed
- Sales Revenue:
- $1,900,000
- Cash Flow:
- $400,000
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
Listing includes Working Capital of $40K.
- Size in square feet:
- 2,600+/-
Business Operation
- Reasons for selling:
-
Approaching retirement and/or pursuing other interests.
- Trading hours:
-
N/A
- Employees:
- 4 full time.
- Years established:
- N/A.
Other Information
- Support & training:
-
Standard transition.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Standard SBA-term financing will be negotiable for qualified buyers.