Clinwis Practice CFO & Business Analyst

The package a buyer’s analyst builds — already built.

Finance terms are used here so a buyer, lender, or broker sees what they expect. Each term is followed by the plain-English name your CFO uses on the rest of the app.

Demo shows illustrative models. In your practice these run on your live books.

EBITDA bridge / from collections to true profit

Every step a buyer’s analyst walks — from the top-line the practice collected, through operating costs, to the normalized earnings they underwrite.

Anchor Cost out Add-back in Subtotal

Normalized EBITDA

$274,750

a.k.a. true profit · 20.2% EBITDA margin

Collections: $1,360,000

Operating costs: $1,258,810

Booked profit: $101,190

Owner add-backs: +$173,560

Revenue build / where the top line actually comes from

The driver model a PE analyst checks first: provider-days × production per day × collection rate = collections. Change any assumption to see the 5-year build react.

Provider-day growthmore days worked per year

Production per day growthfee increases + case mix

Collection rate% of production actually paid

Year	Provider-days	Production / day	Gross production	Collection rate	Collections
TTM	205	$6,756	$1,384,980	98.2%	$1,360,050
Y1	209	$6,925	$1,447,997	98.2%	$1,421,933
Y2	213	$7,098	$1,513,880	98.2%	$1,486,631
Y3	218	$7,275	$1,582,762	98.2%	$1,554,272
Y4	222	$7,457	$1,654,778	98.2%	$1,624,992
Y5	226	$7,644	$1,730,070	98.2%	$1,698,929

Y5 collections $1,698,929 · 5-year uplift +$338,878Collections = provider-days × production/day × collection rate

Market context

For you

Comps and multiples / what practices like yours sell for

Illustrative industry transactions by size, margin, and location. The closest row to your collections is highlighted; multiples are what buyers actually pay in the market, not a model output.

Practice type	Region	Collections	True-profit margin	Sale price	% of collections	Multiple
Solo GP	Suburban	$900K	16.0%	$558K	62%	3.9×
Solo GP	Rural	$1.00M	18.0%	$640K	64%	3.6×
Solo GP	Suburban	$1.15M	19.0%	$759K	66%	3.5×
Solo GP	Urban	$1.25M	20.0%	$850K	68%	3.4×
Solo GPclosest to you	Suburban	$1.35M	20.0%	$945K	70%	3.5×
Solo GP	Urban	$1.50M	21.0%	$1.08M	72%	3.4×
Solo GP	Urban	$1.60M	22.0%	$1.25M	78%	3.5×
Two-doctor	Suburban	$1.75M	23.0%	$1.40M	80%	3.5×

Valuation cross-check

Context only

DCF cross-check — modeled, directional

Practices transact on multiples; this is a second opinion, not a price. Five years of free cash flow off the revenue build above, plus a terminal value at year five, all discounted back to today. Move the two knobs a buyer argues over — discount rate and exit multiple — and watch enterprise value react.

Discount ratewhat a buyer demands to take the risk

Terminal multiple× EBITDA a buyer resells at in year 5

Year	Collections	EBITDA / true profit	Free cash flow after tax	Discount factor	Present value
Y1	$1,421,933	$287,230	$215,423	0.806	$173,728
Y2	$1,486,631	$300,299	$225,225	0.650	$146,478
Y3	$1,554,272	$313,963	$235,472	0.524	$123,502
Y4	$1,624,992	$328,248	$246,186	0.423	$104,130
Y5	$1,698,929	$343,184	$257,388	0.341	$87,797
Terminal value at Y5 · 4.5× EBITDA = $1,544,326 nominal					$526,782

Enterprise value

$1,162,417

a.k.a. what a buyer would pay for the whole business today

PV of 5-year cash flows: $635,635

PV of terminal value: $526,782

Tax rate assumed: 25%

EBITDA margin held at: 20.2%

PE Quick Look / what a private-equity buyer would model in ten minutes

Enter at 4.5× EBITDA, fund half the check with debt at 9%, exit in year five at the same multiple. The equity check, the IRR, and the money-on-money are what a fund partner asks about first.

Equity check

$618,143

cash the fund writes at close

IRR

35.4%

annualized return on the equity check

MOIC

3.07×

multiple on invested capital

Entry · today

TTM EBITDA × 4.5×: $1,236,286
Debt (50% at 9%): − $618,143
Equity check: $618,143
Annual interest (after tax): $41,725

Exit · year 5

Y5 EBITDA × 4.5×: $1,544,326
Debt repaid: − $618,143
Equity proceeds at exit: $926,183
Dividends over hold: $971,070

Year	EBITDA	FCF after tax	− Interest a-t	Dividend to equity
Y1	$287,230	$215,423	− $41,725	$173,698
Y2	$300,299	$225,225	− $41,725	$183,500
Y3	$313,963	$235,472	− $41,725	$193,748
Y4	$328,248	$246,186	− $41,725	$204,462
Y5	$343,184	$257,388	− $41,725	$215,663
Y5 exit equity proceeds				+ $926,183

Clean deal. The IRR is real; the negotiation is the owner-dependence discount — 71% of production runs through Dr. A, and a buyer will price that risk in.

3-year monthly P&L / the sheet a lender or buyer’s analyst will paste into their model

36 months of collections, operating costs by category, and booked EBITDA — driven off the revenue build above with realistic seasonality. Add-backs are itemized in the EBITDA bridge; this table is the pre-normalization view a buyer opens first.

Dental Practice A · monthlyFigures in USD, rounded

Month	Collections	Staff wages	Dental supplies	Lab fees	Rent & occupancy	Marketing	Office & admin	Other operating	Total op ex	EBITDA
Jan 26	$116,124	$30,076	$7,548	$9,290	$7,548	$2,787	$4,064	$4,645	$65,959	$50,166
Feb 26	$118,494	$30,690	$7,702	$9,480	$7,702	$2,844	$4,147	$4,740	$67,305	$51,190
Mar 26	$124,419	$32,225	$8,087	$9,954	$8,087	$2,986	$4,355	$4,977	$70,670	$53,749
Apr 26	$120,864	$31,304	$7,856	$9,669	$7,856	$2,901	$4,230	$4,835	$68,651	$52,213
May 26	$122,049	$31,611	$7,933	$9,764	$7,933	$2,929	$4,272	$4,882	$69,324	$52,725
Jun 26	$120,864	$31,304	$7,856	$9,669	$7,856	$2,901	$4,230	$4,835	$68,651	$52,213
Jul 26	$111,385	$28,849	$7,240	$8,911	$7,240	$2,673	$3,898	$4,455	$63,267	$48,118
Aug 26	$109,015	$28,235	$7,086	$8,721	$7,086	$2,616	$3,816	$4,361	$61,920	$47,094
Sep 26	$119,679	$30,997	$7,779	$9,574	$7,779	$2,872	$4,189	$4,787	$67,978	$51,701
Oct 26	$124,419	$32,225	$8,087	$9,954	$8,087	$2,986	$4,355	$4,977	$70,670	$53,749
Nov 26	$123,234	$31,918	$8,010	$9,859	$8,010	$2,958	$4,313	$4,929	$69,997	$53,237
Dec 26	$111,385	$28,849	$7,240	$8,911	$7,240	$2,673	$3,898	$4,455	$63,267	$48,118
2026 total	$1,421,933	$368,281	$92,426	$113,755	$92,426	$34,126	$49,768	$56,877	$807,658	$614,275
Jan 27	$121,408	$31,445	$7,892	$9,713	$7,892	$2,914	$4,249	$4,856	$68,960	$52,448
Feb 27	$123,886	$32,086	$8,053	$9,911	$8,053	$2,973	$4,336	$4,955	$70,367	$53,519
Mar 27	$130,080	$33,691	$8,455	$10,406	$8,455	$3,122	$4,553	$5,203	$73,886	$56,195
Apr 27	$126,364	$32,728	$8,214	$10,109	$8,214	$3,033	$4,423	$5,055	$71,775	$54,589
May 27	$127,602	$33,049	$8,294	$10,208	$8,294	$3,062	$4,466	$5,104	$72,478	$55,124
Jun 27	$126,364	$32,728	$8,214	$10,109	$8,214	$3,033	$4,423	$5,055	$71,775	$54,589
Jul 27	$116,453	$30,161	$7,569	$9,316	$7,569	$2,795	$4,076	$4,658	$66,145	$50,308
Aug 27	$113,975	$29,520	$7,408	$9,118	$7,408	$2,735	$3,989	$4,559	$64,738	$49,237
Sep 27	$125,125	$32,407	$8,133	$10,010	$8,133	$3,003	$4,379	$5,005	$71,071	$54,054
Oct 27	$130,080	$33,691	$8,455	$10,406	$8,455	$3,122	$4,553	$5,203	$73,886	$56,195
Nov 27	$128,841	$33,370	$8,375	$10,307	$8,375	$3,092	$4,509	$5,154	$73,182	$55,659
Dec 27	$116,453	$30,161	$7,569	$9,316	$7,569	$2,795	$4,076	$4,658	$66,145	$50,308
2027 total	$1,486,631	$385,037	$96,631	$118,930	$96,631	$35,679	$52,032	$59,465	$844,406	$642,224
Jan 28	$126,932	$32,875	$8,251	$10,155	$8,251	$3,046	$4,443	$5,077	$72,098	$54,835
Feb 28	$129,523	$33,546	$8,419	$10,362	$8,419	$3,109	$4,533	$5,181	$73,569	$55,954
Mar 28	$135,999	$35,224	$8,840	$10,880	$8,840	$3,264	$4,760	$5,440	$77,247	$58,751
Apr 28	$132,113	$34,217	$8,587	$10,569	$8,587	$3,171	$4,624	$5,285	$75,040	$57,073
May 28	$133,408	$34,553	$8,672	$10,673	$8,672	$3,202	$4,669	$5,336	$75,776	$57,632
Jun 28	$132,113	$34,217	$8,587	$10,569	$8,587	$3,171	$4,624	$5,285	$75,040	$57,073
Jul 28	$121,751	$31,534	$7,914	$9,740	$7,914	$2,922	$4,261	$4,870	$69,155	$52,597
Aug 28	$119,161	$30,863	$7,745	$9,533	$7,745	$2,860	$4,171	$4,766	$67,683	$51,477
Sep 28	$130,818	$33,882	$8,503	$10,465	$8,503	$3,140	$4,579	$5,233	$74,305	$56,513
Oct 28	$135,999	$35,224	$8,840	$10,880	$8,840	$3,264	$4,760	$5,440	$77,247	$58,751
Nov 28	$134,704	$34,888	$8,756	$10,776	$8,756	$3,233	$4,715	$5,388	$76,512	$58,192
Dec 28	$121,751	$31,534	$7,914	$9,740	$7,914	$2,922	$4,261	$4,870	$69,155	$52,597
2028 total	$1,554,272	$402,557	$101,028	$124,342	$101,028	$37,303	$54,400	$62,171	$882,827	$671,446

EBITDA here is booked — before the owner add-backs shown in the bridge above.Prepared by Clinwis Practice CFO & Analyst · demo data