RAISING CAPITAL
9 investors interested
$3M EBITDA Outpatient Mental Health Acquisition in the PNW
Healthcare · Pacific NW
revenue: $8,000,000
ebitda: $3,000,000
Exclusivity:
Exclusive Representation
SBA Eligiblity:
Not SBA Eligible
Revenue:
$8,000,000
EBITDA:
$3,000,000
Gap investing opportunity in a scaled multi-site outpatient mental health business in the PNW. The business is growing 15%+ annually, 95% of revenue is driven by repeat patient visits, ~200 referral sources with minimal concentration. The average patient is worth $3,700 and costs little to acquire. 23+ clinicians providing medication evaluation and management, therapy, and psychiatric testing.
In-network with 25+ payors, 70% of revenue from 8 Medicaid Managed Care companies, 30% from private insurers. The Democratic midterm sweep provides a significant tailwind for this deal that's not priced in. Top 25 in market share in the state with two physical locations, strong organic growth levers, and M&A tuck-in potential.
Equity is 85% subscribed. Avidbank is providing the debt financing. Owner is rolling significantly. Board assembled with successful healthcare operators and institutional investors. Looking for equity checks between $200-750K. Need commitments in the next week and a half.
My background is healthcare finance and operations: Citi Healthcare Investment Banking, Alvarez & Marsal Healthcare Consulting, previously part of two search funds - one acquired a behavioral healthcare software company which I joined in strategy & BD. MBA and Masters in Healthcare Administration from Columbia.
alex [@] thirdandjh.com