SOLD: Well Run, Very Profitable, Multi-Modal Imaging Center in North East
Limited Competition, Good Location, Growth Opportunity
This multi-modal IDTF is well-established and was started in 2001. It was bought by the current owners five years ago. Since then they have added CT machine, added X-ray room and they also run another X-ray machine offsite. They have increased annual revenue from $1.75M to $2.4M in last five years. The Center is quite profitable and shows a revenue of $2.45 M and EBITDA of about $685K. It is located in a very modern medical building. The Center offers MRI (both high field MRI and open MRI), CT and, X-ray services at the center. In addition, it also operates an X-ray machine at a second location for an orthopedic doctor. The center gets referrals from 500+ physicians. No physician accounts for more than 17% of the referrals
ASSETS
Major assets include:
- Siemens Symphony 1.5T High Field MRI (2004)
- Siemens Concerto .23T Open MRI (2003)
- Toshiba Acquilon 16-slice CT Scanner (2005)
- Viztek X-ray Machine (replaced in December 2017)
The depreciated book value of all the assets is about $1 Million. The actual replacement/in-use value is probably twice that value.
KEY ADVANTAGES
- Well operated
- Loyal staff, with the Center for a long time
- Limited competition – only IDTF in the area
- Great Reputation
- Debt Free
FINANCIALS
- Gross Revenue: $2.45 million
- EBITDA: $685K
- Asset Value: ~$1 M value
- Debt-free
- Asking Price: $3.75 M
Disclaimer: TechnologyPark.com has not independently verified any of the information in these listings and makes no warranty as to their accuracies or completeness.
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