SG Benefit Providers helps Americans secure Medicare Advantage coverage. These policies, sold through A-plus-rated carriers, provide critically important healthcare benefits that are not offered via traditional Medicare coverage. When older Americans need hearing aids, dentures, and other expensive medical interventions, this coverage gap may force them to spend out-of-pocket. SG Benefit Providers helps secure Medicare plans that provide up to $4,000 in annual dental, vision, and hearing benefits. The plans are subsidized by the federal government and are offered at no cost to the purchaser.
Highlights:
- We’ve created a highly-scalable business model designed to create significant competitive advantages in a fast-growing, $300+ billion market
- SG Benefit Providers is led by a team with a record of recent success in the Medicare insurance market. They recently had a $62M exit.
- SG Benefit Providers already has over $2.5M on book renewals
- $2.7M YTD EBITDA
- $8M in revenue in 2023
- Growing emphasis on helping the underserved 65 under and over market
- Co-Founders have trained most of the Medicare agencies across America
- The projected 2025 EBITDA is $32M
- The average exit multiple for book agencies is 10-12x EBITA
- SG’s Upline has offered it 12x on any EBITA north of $5M
- SG has an opportunity to become an upline for other brokers
- SG acquired its first target acquisition on the east coast and has already doubled its size through investment and strategic changes
Roadmap:
- Expand into 65 and under products
- Grow to over 100 agents
- Acquire 2 more targets with earnout-based agreements
- Secure over $30M EBITA within 3 years
Current Financial Summary:
2023: $8.1M in revenue with $1.3M EBITA while adding $2.2M on book renewals.
2024 Q1: SG hit $4.4M in revenue with $2.7M YTD EBITDA
2024 Projection: Over $20M in revenue and $7M in EBITA by scaling both its current home office and its newly acquired call center in Orlando
Investor Relations:
[email protected]202.525.8717
Website: https://sgbenefitproviders.com/
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