23 Feb Acquiring Minds: How I Bought & Sold a Healthcare Business for 8 Figures | Jason Andrews
Jason Andrews acquired a large business for an individual entrepreneur. It was a group purchasing organization or GPO. Jason maxed out the SBA loan and scraped together every last dollar to buy it, whose enterprise value was in the high 7 figures. He also worked with a buy-side advisor that charged hundreds of thousands of dollars to find the business and manage the transaction. (“Worth every penny,” said Jason.) That story was covered in Jason’s first appearance on Acquiring Minds in June 2022. In today’s interview, Jason tells the story of exiting the business for 8 figures, which he did shortly after his first interview. He sold the business to a strategic acquirer for a life-changing sum, most of which he pocketed since he’d already paid down most of the SBA loan he’d used to buy the business in the first place.