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
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.
- Well operated
- Loyal staff, with the Center for a long time
- Limited competition – only IDTF in the area
- Great Reputation
- Debt Free
- Gross Revenue: $2.45 million
- EBITDA: $685K
- Asset Value: ~$1 M value
- 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.
We Can Help You Implement Your Strategy
Are you looking to find a suitable business or looking to find strategic partners? We can find customized solutions that will help you in implementing your strategies. Contact us today.