Recently, a long-time client called excitedly sharing that he had received an unsolicited offer from a DSO that was unbelievably good. While he wanted to share the details with Wade Coleman, JD* of our transition team, he made it clear he didn’t want to be “confused by the facts,” but simply wanted our blessing before signing the Letter of Intent (LOI).
He forwarded the proposal, explaining that the broker offered him over $11,400,000 for his practice, which represented more than 20 times EBITDA and over 8 times his prior-year collections ($1,400,000), broken down as follows:
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