Increase Your EBITDA
To increase your EBITDA, simply collect all of the revenue you’re already earning. On average, $25,000 per DVM is lost in Veterinary practices every year due to human error in pharmacy revenue collection (missed charges), as well as inventory waste and shrinkage. CUBEX smart cabinets can recover that profit for your practice, driving a far higher EBIDTA and a much higher enterprise value as a result. Consider the following example:
A 20-practice group with a total of 50 DVMs (FTE) decides to automate their inventory with CUBEX smart cabinets.
- 50 DVMs * $25,000 = $1.25M per year in additional EBITDA, or $62,500 per location
- CUBEX drives an additional $8.75M in equity value for the group, or $437,500 average per location, assuming a sale price of seven times EBITDA (average in 2019)