M&A Healthcare Advisors is pleased to present Project Synergy, a non-surgical & integrative medicine clinic focused on serving patients with chronic pain and illness. The company has been in business for over 30 years and serves patients in Virginia, Maryland, Washington DC and other states throughout the country (via telehealth services). The clinic is based in Virginia (near Washington DC) and offers a multitude of services including Long-COVID recovery services, Physical Therapy, Nutrition, Telehealth, Psychotherapy, Acupuncture, Supplements, Herbal Remedies, & more. There are currently 3 active physicians and a provider staff including Registered Nurses, Physical Therapists, a Nutritionist, Acupuncturist, Therapist, & Medical Assistants.
Nearly all revenue is generated through private pay, and they offer a unique membership model on an annual basis to willing patients (currently 139 members). They have an active census of over 1,200 and are expected to generate over $4 million of revenue in 2024 with an EBITDA margin of approximately 20%. Current opportunities exist to grow the business which are detailed in the CIM. The company is led by a physician pioneer and thought leader for integrative medicine who intends to remain with the practice post-acquisition.
Financial Information
|
2021 |
2022 |
2023 |
TTM |
2024 YTD – APR |
|
|---|---|---|---|---|---|
|
Revenue |
$3,540,147.79 |
$3,648,593.04 |
$3,518,065.25 |
$3,715,931.24 |
$1,333,575.91 |
|
EBITDA |
$473,371.52 |
$306,626.26 |
$324,963.76 |
$453,720.80 |
$254,261.24 |
|
EBITDA margin % |
13% |
8% |
9% |
12% |
19% |