james lester
Tallahassee, FL (USA)
Role(s):
Founder/Owner/Principal
HLPPC // NIMS CLINIC
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Startup
Location:
Tallahassee
Industry:
Healthcare
Year Founded:
2009
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
"C" Corporation
Description:
THE GRAB
The Clinic will be a multidisciplinary physician group practice (Multispecialty Clinic) designed to improve the delivery of healthcare services.
It will provide complete medical care, primary and specialty care through an outpatient medical office building with pharmacy and rehabilitation unit, diagnostic imaging and lab, and ambulatory surgery services.
REVENUE AND PROFIT
It is anticipated that it will take three months after funding before the facility is operational and can treat patients. Revenue is therefore generated for only three quarters of year one (from months four through twelve. Revenue for year one is projected at $5.2 million. Year two revenue is projected at $35.5 million with an EBIDTA flow through of $5.3 million (15%). By year three, revenue is projected at almost $63.3 million with a flow through of $17.2 million (27%). Year four revenue is projected at $80.8 million with a $25.2 million EBIDTA flow through (31%). By year five, revenue is projected at $100.1 million with an EBIDTA flow through of $34.2 million (34%).
PROPOSAL
The Company is seeking to raise $15 million in outside funding from an Investor/ Investor Group, Joint Venture Partner, Private Placement Memorandum (PPM), or Lender. The funds will allow The Company to implement the Business Plan, and begin planned growth.
The Clinic is targeted to be established in Atlanta, GA., however, The Company will consider other locations.