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Our firm is proud to introduce a beautiful, well-established sleep center located in the heart of Silicon Valley, California. This full-service sleep disorder center is fully accredited by the American Association of Sleep Medicine and is one of only a few sleep centers serving the Silicon Valley area that is not af-filiated with a large hospital. The center offers electronic health records (EHR) in-tegrated physician consultations. diagnostic testing, and sleep medicine therapeu-tics to evaluate and treat all sleep disorders. Diagnostic testing services include in-lab/home sleep testing (PSG/MSLT/HST), as well as daytime testing.
The payer mix is 70% commercial insurance and 30% Medicare. The company saw growth between 2018 and 2019, going from gross revenue of $791,649 with an adjusted EBITDA of $293,716 to gross revenue of $785,539 with an adjusted EBITDA of $226,639. In 2020 gross revenue was $753,324 with EBITDA of $406,218. They were able to recapture a good portion of the mar-ket in 2021, grossing $776,918 with an adjusted EBITDA of $493,382, and they anticipate continued growth in 2022. The company has a strong internet presence with a great reputation within the medical community. Its patient base continues to grow through self-referrals, as well as referrals from primary care physicians, psychiatrists, occupational medicine physicians, endocrinologists, and cardiologists.
The center has 2,200 sq ft with a monthly rent of $10,000. The seller owns the real estate, so lease negotiation will be possible.
The asking price for this opportunity is $1.6 million, which includes all the equip-ment, furniture, and fixtures.
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