[POTENTIAL DEBT DEAL] Seeking $2.2M Term Debt For Acquisition

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by a searcher from University of British Columbia
in Calgary, AB, Canada

3yrs ago

[POTENTIAL DEBT DEAL] Seeking $2.2M Term Debt For Acquisition

Our group recently went under LOI to acquire a group of podiatry practices ($1.1M EBITDA), and we are seeking a financial partner to provide a $2,2M senior term loan to help finance the acquisition. Below are some highlights of the target:

1. 100% of revenue comes from facilities that are under contract with the company, providing a high degree of revenue visibility

2. The historical annual customer retention rate is >95% (i.e. annual churn is <5%). Note that customers are the nursing/LTC homes, not individual patients.

3. The majority of revenues are recurring via repeating treatments every ~60 days.

4. Seller is staying on with the business, limiting any transition risk.

Our group has prepared a detailed lender package and financial model for any interested party. If you are interested, please feel free to reach out to me at redacted start="2">

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reply by a searcher 3yrs ago
from University of British Columbia in Calgary, AB, Canada

Hi Lisa - yes, it is a US deal and we are seeking conventional, non-SBA debt. Hope that helps.

reply by a searcher 3yrs ago
from University of British Columbia in Calgary, AB, Canada

I sent you an email