Because one practice has two locations. We acquired our practices. They're at different.
Acquiring Minds
Buying to $4m Across 7 Sites in 3 Years
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You know, we talked about what an, on average a practice does, and if a practice has one provider versus like two or three, it probably does more. The range in which we acquired were anywhere from the low three threes to the low three hundreds. The low three hundreds to the low seven figures.
That has to do with the quantity of providers, revenue and whatnot. On average, our practices, they do Pretty well, I would say they've increased revenue year over year and then we've owned them now going on year three next year. What are the important. You guys want to know?
Wait, Gail, you said you buy them for 300 to a million in that range in that. But that was also. It sounds like that was the revenue range. So you're so from an EBITDA multiple perspective, they're pretty expensive.
It sounds like if, if you were to back out what the EBITDA multiple is. Is that fair on your.
On the. On for traditional provider, what you were doing? Yes. For what like before, if a provider owned them, but now that we've aggregated they're not. If that makes sense.
We've unlocked the opportunity. The EBITDA opportunity.
Yeah. Okay. Okay. And so they're basically purchased on a multiple of revenue.
They are purchased on a multiple of revenue.
Okay, interesting. Okay. And so so that is a lot of health cares. So you're give. Give us an example deal of one of your six.
So like one of our practices is in Tennessee. It's. There's multiple locations in Tennessee. That's our. One of our larger practices, that one was two.
Two providers owned it, but they employed at the time seven providers. It was a lot pretty heavy on providers. But because the two that owned it weren't working full time in it, they were very business minded.
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