Overview
- Urgent healthcare service capable of providing 85% of ER functions
- 2 locations
- >85% of population with health insurance coverage
- Growing population
- Large senior citizen population
- Millions of tourists per year
- Committed staff of PAs and Nurse Practitioners with low turnover
Future Story
Triple EBITDA in 5 years
- New in-house lab adding revenue and reducing spending with outsourced services
- Opening clinics at 2 new locations: potential for each one to add roughly $1.5 million in revenue with 9 staff members
- Urgent care market projected to grow at 4.2% CAGR through 2027
Sustainability
- Recession-proof business with essential service offering
- Strong referral base with other urgent care clinics, doctors' offices and emergency rooms
- 60% repeat patients at first location, with second location ramping up, now at 33%
Defensibility
- Waiting time considerably lower than other urgent care facilities and ERs
- Dominant service provider at first location, rapidly gaining market share at second