Diagnostic Imaging Services Center
Gross Revenue: | $3,113,000 |
EBITDA: | $457,000 |
Description:
The Company is an independent family-owned medical testing facility specializing in diagnostic imaging and radiology. The Company provides diagnostic imaging scans and radiology reports for four main modalities which include magnetic resonance imaging (MRI), computed tomography (CT), ultrasound, and X-ray scans. The Company’s primary focus is to serve the local and surrounding communities, ensuring that patients get the best care and are treated with dignity.
Key Aspects:
• Revenue and EBITDA Growth: The Company's revenue and adjusted EBITDA increased at compound annual growth rates (CAGRs) of 9.1% and 68.2%, respectively, from 2021 through the trailing twelve months (TTM) ending September 30, 2024, excluding COVID-19 funding.
• Strong EBITDA Margin: The Company boasted a high adjusted EBITDA margin of 14.7% in the TTM ending September 30, 2024.
• Deep Community Connections: For over 20 years, the Company has proudly served communities in the Western, US earning a stellar reputation and developing strong affiliations with local doctors and residents.
• Expert Staff: The Company's team brings a wealth of experience, with many employees boasting over 10 years in the medical field.
• Positive Reputation: The Company is known for its personalized service and strong relationships with local doctors, making it the top choice for diagnostic imaging.
Opportunities:
• Increase MRI Efficiency: Complete installation of the new artificial intelligence (AI) driven MRI machine to improve the accuracy and efficiency of diagnostic imaging procedures.
• Geographical Expansion: Expand operations to neighboring cities and counties to grow client base and service new communities.
• Broaden Service Offerings: Diversify services by adding mammography and related services to grow recurring revenue among female patients.
• Strategic Marketing Initiative: Broaden marketing campaign to increase referrals from new doctors, insurance companies, and third-party payors.
Headquartered:
• Western, U.S.
Current Markets:
• The Company is a business-to-consumer (B2C) company focused on providing exceptional medical services to the local community. The Company primarily serves communities in the Western, US.
Real Estate:
• The Company operates out of two facilities (approximately 3,000 sq. ft. each) in Western, U.S. which are owned by an affiliated entity. The trustees wish to include the facilities with the sale of the Company, however, they would be willing to negotiate long-term leases for the facilities.
Shareholder Ownership:
• The Company is wholly owned by a living trust with one trustee who is active in Company operations. The trustee wants to fully exit the Company to pursue other interests; however, the trustee is willing to remain with the Company for a predetermined period to facilitate a smooth transition to new ownership.