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Podcasts/Acquiring Minds
Acquiring MindsOctober 24, 2024

2 Years to Buy, Double & Exit a Medical Billing Firm

with Nik Hulewsky

Listen to Episode →

LenderHawk analysis. Not affiliated with or endorsed by Acquiring Minds.

The Deal

Industry
medical billing
State
ID
Purchase Price
$3.2M
Multiple
4.5x
Year
2020
LTV at Close
95%
Deal Source
proprietary

Financing Structure

SBA 7(a)
Seller Note
Buyer Equity

Strategic Rationale

Anticipated a surge in medical billing demand post-COVID with strong industry tailwinds.

Post-Acquisition Performance

Tripled EBITDA to $1.2M; exited for over 2x purchase price within two years.

The LenderHawk View

Real lenders that finance similar deals

Active Lenders
10
Median Spread
P + 1.25%
Top Lenders
Live Oak Banking Company9 deals
Glacier Bank6 deals
Celtic Bank Corporation5 deals
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Want the Full Story?

The full narrative — the personal details, the hard moments, the host conversation — only lives in the original. Go listen.

Listen on Acquiring Minds