Scan.com is raising a $50m Series B to fund:

• Acquisition of Advanced Imaging Centers LLC [memo here]
• Geographic expansion outside of initial market of Atlanta, Georgia (see ‘financial model’ in VDR)
• Product development to launch price comparison & pre-authorisation for USA imaging market

The combined annualized financials of the combined entity post-acquisition will be circa:

• Revenue $33m
• Gross Profit $23m
• EBIT $6m

YoY average growth rate (2020-2023) is 229%

With well over 12 months of runway left, this is an opportunistic fund raise to capitalise on rapid, profitable growth within the Atlanta market: