Chris Lovin, Practice Leader of LBMC’s Business Valuation/Litigation Support explains what you should consider when conducting an Urgent Care Center valuation.
A client looking to acquire a group of three urgent care centers approached me to assist with a preliminary valuation as they were drafting a letter of intent. The client had very limited financial information from which to establish a valuation; however, our initial review revealed the revenue per visit was far lower than we typically recommend for an acquisition. This scenario illustrates the need for quality due diligence and valuation when contemplating an acquisition or disposition of an urgent care center.