Healthcare Services (Texas Based Outsourced Neuromonitoring Provider)


Healthcare Services (Texas Based Outsourced Neuromonitoring Provider)

Asking Price:N/A

Cash Flow:$2,000,000

Gross Revenue:$4,200,000





Healthcare Services (Texas Based Outsourced Neuromonitoring Provider)

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Business Description

Healthcare Services (Texas Based Outsourced Neuromonitoring Provider)

The Company is a leading provider of Intraoperative Neurophysiological Monitoring (“IONM”) or neuromonitoring for spinal and cranial based surgical procedures in Northern Texas

IONM services monitor the function and integrity of the nerves and spinal cord during surgeries; it is the standard of care during spine and other major surgeries near the central nervous system

The Company leases its equipment and services to professional entities (doctors) who perform the services as a "must have" ancillary service in conjunction with major spine surgeries. The service is billed out of network and the Company's fees are a percentage of collections

The Company was founded in 2012 by an accomplished sales executive to spine and neuro surgeons in Northern Texas who has been able to leverage his superior reputation and network to rapidly scale the Company to over $2MM of EBITDA in three years

The Company enjoys a steep growth trajectory as it controls only 3% of its local market share; the Company is looking to accelerate growth in the following ways:
- Expanding beyond its local market
- Converting new surgeons to neuromonitoring
- Adding hospitals looking to outsource IONM services

The Company is forecasted to achieve pro forma revenue of $4.75MM and pro forma adjusted EBITDA of $2.1MM in 2016

Detailed Information

10 - 20
Growth & Expansion:
growth strategy is based on (1) Capturing Market Share and (2) Market Expansion. The Company currently has only 3% market share in its local market, providing ample opportunity to capture additional local market share The Company is currently only focused in northern Texas and has created a model well suited to scale beyond its local market. Additionally, more hospitals are deciding to outsource this service due to its complexity and mission-critical nature. The outsourced IONM market is forecasted to grow approximately 11.8% annually through 2019
Support & Training:
The Company is exhibiting rapid growth and needs a strong partner to help realize its long-term growth strategy. With the right equity partner, the Company will be able to take the appropriate steps to scale the organization to more than double in size over the next 5 years. The owner is seeking to reinvest a meaningful portion of recapitalization proceeds into NewCo
Reason for Selling:
Partial monetization and seeking a capital partner to capitalize on growth

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Business Listed By:
Logan Growth Advisors

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