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 and 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:

• 2024: $2.9 M revenue; $0.8 M EBITDA | $0.9 M Adj. EBITDA
• 50% YoY growth in Year ’22-23
• 2023: $1.9 M revenue; $0.4M EBITDA | $0.6M adjusted EBITDA

Customers:

• Organic traffic. Most customers are referred to the practice.

Team & Assets:

• Owner/ 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/ excess demand.
• Introducing new diagnostic and treatment services to boost revenue and patient throughput.
• Opening 2nd 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.