[POTENTIAL DEBT DEAL] Seeking $2.2M Term Debt For Acquisition
May 30, 2023
by a searcher from University of British Columbia in Calgary, AB, Canada
Our group recently went under LOI to acquire a group of podiatry practices ($1.1M EBITDA), and we are seeking a financial partner to provide a $2,2M senior term loan to help finance the acquisition. Below are some highlights of the target:
1. 100% of revenue comes from facilities that are under contract with the company, providing a high degree of revenue visibility
2. The historical annual customer retention rate is >95% (i.e. annual churn is <5%). Note that customers are the nursing/LTC homes, not individual patients.
3. The majority of revenues are recurring via repeating treatments every ~60 days.
4. Seller is staying on with the business, limiting any transition risk.
Our group has prepared a detailed lender package and financial model for any interested party. If you are interested, please feel free to reach out to me at redacted start="2">
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
from California State University, Sacramento in Seattle, WA, USA