Financial Due Diligence Support
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Project scope
Categories
Accounting Financial modeling Risk, audit and complianceSkills
due diligence operating expense bank statements deposit accounts chiropracticsWe are acquiring a clinic that provides chiropractor and regenerative pain therapies to their patients. We are acquiring the clinic based upon a 4x multiple of earnings. The primary outcome of the project is to confirm that Revenue, Cost of Services, Operating Expenses, and therefore their earnings reported on their historical 2019, 2020, 2021, 2022 P&L's are accurate.
The company will provide us with their monthly P&L's for 2021 and 2022 along with bank statements for this same time period. We need the students to perform the following functions:
- Input into an Excel spreadsheet all of the deposits reflected on the monthly bank statements along with the revenue reported on the corresponding P&L and reflect any variances
- Also input into the Excel spreadsheet key withdrawals (payroll, rent, insurance, etc) along with these expenses reported on the corresponding P&L and reflect any variances.
- The above will help us identify any variance in earnings actually reported to cash actually received.
We will provide all of the financial data on the company and excel spreadsheet with labels.
About the company
Opus Capital Partners is a private equity firm. We focus on acquiring businesses which supply mission-critical products and services to Fortune 500 corporations and government entities, as well as those which provide products and services that benefit African American and Hispanic consumers.
Our acquisition targets include both corporate carve-outs from Fortune 500 companies and high-quality businesses positioned for the next level of scalability but “stuck” as a result of their current ownership structure.
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