:quality(80)/f/127646/879x646/da815ff971/preferred-urgent-care-katy-tx.jpeg)
Preferred Urgent Care, PA in Katy TX
We scooped up an opportunity in urgent care, uncovered a hidden unique value prop, and reached breakeven in 24 months, rather unheard of in the industry.
- Status:
- On-going
- Total Project Cost:
- $500,000
- Debt:
- $0
- Annual Revenue:
- $850,000 - $2,000,000
- Return on Investment (ROI):
- 800% and counting
In August 2015, we were presented with an opportunity to play within the healthcare sector. We acquired an urgent-care facility owned and operated by an emergency room physician.
Despite owned and operated by a physician for over a year and a half, the urgent care continued to struggle while only averaging 2 patients per day.
We spent about 5 months performing due diligence to ensure we uncovered the unique value proposition. We ultimately found it! Working with a few existing investors on January 22nd, 2016, Preferred Urgent Care, PA in Katy TX became a wholly-owned company of Vested Wealth.
We spent the first eight (8) months to carry out much-needed company re-organization with a completely new team including a new medical director.
Per industry standards, it takes an urgent care a minimum of 36 months to reach breakeven. However, we did it in 24 months. First dividend check was distributed to investors in 2019 and by the end of 2020, the average investor had return 125% on their initial investment in a little over four (4) years.
Today, the company has a seven (7) figure turnover and in the process of expanding to additional locations.