Multi-Modal Imaging Center with Great Potential

Versatile Multi-modal Center - Newly bought MRI - Recently Accredited

This multi-modal imaging center in the Dallas Metro area is a great addition to someone who owns several centers or a radiologist who wants to own the center and expand his/her business. It is also great for someone who can bring medical or personal injury type of business.

The Center has a 1.5T short-bore, high-field GE Signa Excite MRI machine that it bought in 2022. It was used but completely refurbished and updated. In addition, they have CT, Ultrasound, Digital X-ray, and DEXA machines. Both MRI machines and CT were recently accredited by Redsite.

The current owner lived in the Northeast and bought the business in 2018. The Center had about $800-900K of revenue in 2018. However, the company has struggled under the new owner because of a series of unfortunate events - major breakdown and repairs of the MRI machine soon after the business was bought, Covid during 2020-2021, and complete breakdown of the MRI machine during mid-2021-2022 (when they purchased the current machine).

Despite this, they reached a revenue of about $580K and were near break-even. In May 2024, however, a weather event knocked down their power for a few days but had a cascading effect on the center. The MRI machine lost its helium, and the owners waited for the insurance company to pay for the damage. As a result, the MRI machine was down for three weeks during the busy season, and they lost some clients. As a result, 2024 revenue is significantly down - about $170K up to August.

However, everything is going well now. It has a wholly refurbished high-field short-bore MRI machine, a relatively new CT Tube, and all of these other modalities. It has good outside radiologists reading at reasonable rates, a great staff and billing company, an excellent location, and many active referring physicians, with about 33 regular ones. MRI was accredited by Radlite in April 2024 and CT by ACR in May 2024. There are only two other independent imaging centers nearby. The total asset price is estimated at $500K.

This is a great opportunity for an experienced buyer to expand in this space. The seller is exhausted due to this series of events, has a busy medical practice, and wants to move on. The seller’s husband has been managing the Center and is open to staying if the buyer wants.

The seller is offering the buyer this Center for $425K debt-free.