* Included in Asking Price
This is an offering of an investment in a $25M-project that includes building and acquiring additional urgent care centers over the next 4 years in the State of New Jersey. All of the current Urgent Care Centers are located in strategic northern NJ cities.
• The first is an Urgent Care, which started operations in August 2019;
• The second started in March 2020,
• The third is a Medical Care Center, started in early 2016 which will be acquired by our group in 2020;
The remaining sites are under search and investigation.
This specific offering is for the second Center started in March 2020. It is a new State-of-The-Art urgent care center. It is located across the street from one of the busiest Emergency Department in New Jersey. It is visible from Interstate 80 East and West bound, and is serving various northern NJ communities with populations of 155,868 in a 5-mile radius. This Center has plenty of parking. The 2,000 square feet facility is built with the State-of-The-Art technology. The Center includes fully digital and wireless X-Ray machine, EKG machines, Pulmonology Functional Test (PFT), fully digital triage monitors in every exam room, digital IP 24X7 surveillance camera system, alarm system, cloud storage, high speed wireless network and hardware firewall for absolute protection of cyber-attack.
The center is licensed as non-physician owned Ambulatory Care facility offering both primary and urgent care by the New Jersey Department of Health.
The center's lease is 5 years plus 5 X 5-year options of renewal, for a total of 30 years. Rent starts at $4,000 a month for the five year with a standard escalation rate over the life of the lease. Operations commenced March 9th, 2020. The Center's credentialing (contracts with payors of insurance companies) is near completion. It is fully staffed with the Medical Director, a Board-Certified Emergency Room Medical Doctor, 1 ER Physician, 1 Doctor of Nursing, 3 Nurse Practitioners, 5 Medical Assistants and an X-Ray Technologist.
The management team for all of the centers includes the CEO, an international certified leadership trainer and strategic planner with a long track of business success The CEO is using 2 powerful arms to support building this national chain of urgent care centers; his healthcare recruiting company to provide all required healthcare personnel, and his leadership training and strategic planning company to develop outstanding customer service to patients and the most effective business processes.
The Financial Target is a minimum of $25 Million annualized business at a run rate @ 25%+ EBITDA
Required Licenses: State
|Growth Potential:||Strategic Vision:
â€¢ 2020: Maximize Shareholder returns by creating a liquidity event;
â€¢ Access Public Capital Market (Public offering)
â€¢ Strategic Sale to Competitors (M&A)
â€¢ Acquisition by Health Care Fund
Successful execution of this plan requires adequate phase-wise funding. In this initial round there are 2 investment options that can happen in parallel:
Investment Option A The Company seeks to raise $250,000 of capital as equity at the second centerâ€™s current valuation of $2,500,000 with a minimum investment of $100,000.
Investment Option B The Company seeks to raise $1Million of capital to finance each of the third and fourth urgent care centers respectively. The Company is seeking this fund as equity at each centerâ€™s initial valuation of $2,500,000. The fourth center is 5,000 square feet in a medical plaza with more than 10,000 active patients who visit the plaza 2-3 times a year each.
The Management Team has developed very structured project plans, templates, business processes, forms and formulas that guaranty an identical approach of building urgent care centers. The team has also developed a Site Assessment Tool (SAT) that produces a detailed list of factors of success, plus a final factor of success for each location under consideration. This SAT is based on historical success records of several hundreds of urgent care centers nationwide.
A savvy investor will be able to take advantage of this firmâ€™s rapid growth and strong foundation of experience in urgent care construction and service.
The ideal investor will be an individual, group, competitor or Health Care Fund with knowledge, interest or experience in the medical industry who wants to take an active part in building a firm, that will be a dominant force in the tri-state medical arena.|
|Training/Support:||Seller will negotiate a transition period|
|Seller Financing:||Investment Option A) $250,000 for current operational center at a 10% equity share, or term|
|Sale Reason:||Option A) - Working capital
Option B) - Primarily for leasehold improvement and equipment|
Seller Reference #LINDENJ001-N691
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