We're a Dallas-based independent sponsor firm with an active, proprietary healthcare deal under LOI. We're raising $6+M of equity for an independent-sponsor led buyout of a four-clinic outpatient chiropractic and rehab platform in Dallas-Fort Worth and San Antonio. Operating in the personal injury space, this business is an excellent platform candidate because its unique and scalable outside sales and marketing model results in no referral concentration. Instead of attorneys, its referrers are primary care physicians and clinics. This structure is highly irregular in the industry, because the business actually serves as a referral source to attorneys, resulting in superior collection rates and stable patient volumes. In practice, this structure is very difficult to replicate. The core asset is its record of care. 2025 cash flow was $4M on $9.4M revenue. No Medicare, Medicaid. Revenue comes from auto insurance and lien-secured settlement proceeds. The purchase price is inclusive of receivables, which is underwritten to $8.3M of expected cash and supported by analysis of 6 years of payment history. QoE and compliance diligence are complete, and the APA is in markup. I'm rolling $500K of capital into the deal. The seller has exited operations; the management and clinical teams will remain, and I will will be stepping in as CEO post-close forredactedmonths. There is a $3.0M fully subordinated seller note behind the expected debt. Forty months of collections are in the data room. I am targeting a close by the end of the year. If interested in learning more, please email me: redacted Partner: @redacted‌