Three Industries. One Broken System.
The pieces are already in place. They just aren't connected.
Chiropractors Are Undervalued
3,200 practices for sale at pennies on the dollar. Exit multiple: 0.8-2x. PI cases underpaid, settlements delayed 18-24 months.
Armina Can't Reach the Clinics
Direct outreach hit friction. Spine surgeons seen as competitors. Needs a trusted channel into thousands of clinics without buying them.
Dental Is Already Inside
DDSO dentists already deploying trained technicians inside chiro clinics for TMJ, sleep, and perio. The same person screens for neuro, ortho, and imaging.
THE FRONT LINE
The Integrated Health Technician
One trained technician placed in your clinic at zero cost. They screen every patient who walks through the door.
Dental Screenings
Under hub dentist supervision
Neuro Screening
Flags to telehealth neurologist
qEEG Administration
4-6 weeks training, mobile circuit
Patient Education
Intake and coordination
Screens every patient. Not just PI. All 4,000+ unique patients per year. One tech covers 5-10 clinics.
From Patient to Payment
Every touchpoint in the care journey becomes a billable event.
Patient Enters
Chiro clinic
Chiro Treats
$1,500-2K funded upfront
Neuro Screens
qEEG, $10K avg
Ortho / MRI
Imaging, $10K avg
Armina Funds
Buys medical bills
Settlement
Atty 33-40%, liens paid
Patient Enters
Chiro clinic
Chiro Treats
$1,500-2K funded upfront
Neuro Screens
qEEG, $10K avg
Ortho / MRI
Imaging, $10K avg
Armina Funds
Buys medical bills
Settlement
Atty 33-40%, liens paid
Armina's Funding Arbitrage
Armina's funding arbitrage (25-62%) covers cases that don't settle. Risk absorbed. Providers paid.
No-Fault States (FL, NY)
Dual PathqEEG bills to PIP first. Once PIP exhausts, tort claim activates. Dual-revenue pathway.
Two Paths. One Clear Winner.
Private Equity
Traditional path
- 40% sale — taxable event
- Golden handcuffs and clawbacks
- PE dictates operations
- 3-5 year flip horizon
- 3 in 5 PE-backed DSOs succeed
ESOP Platform
Recommended path
- 40% recap — tax-free
- Full control retained
- Employees become owners
- Pre-tax debt paydown
- 97% success rate
- Pathway to IPO
At 10x ESOP tax-free, your net equals or beats 14x PE after tax.
7 Reasons Chiropractors Stay
ESOP Platform
4-8x multiple, tax-free liquidity at exit
Chiro Dental Alliance
TMJ, sleep, and perio revenue streams added to your practice
IHT Placed at Zero Cost
Free trained Integrated Health Technician inside your clinic
qEEG + Neuro Telehealth
Mobile circuit shared across 5-10 clinics — no equipment purchase
National PI Marketing Co-op
$500/month buys into shared lead gen across the entire network
Medical Funding
Every PI case paid upfront — you're done waiting on settlements
ESOP Ownership in Armina
Co-ownership eliminates fee-splitting risk by design
Everyone Wins. Or Nobody Does.
Every participant in the alliance is structurally incentivized to grow the same pie.
Chiropractor
- Paid upfront on every PI case
- 4-8x exit multiple via ESOP
- ESOP ownership stake
- Free IHT employee placed
- National PI marketing co-op
- Neuro makes cases 5-10x more valuable
DDSO Dentist
- New chiro patient pipeline
- TMJ PI revenue stream
- Agent compensation model
- ESOP multiple arbitrage
- Real estate arbitrage opportunities
Armina
- 500 telehealth deployment locations
- Massive captive patient funnel
- qEEG billing revenue
- Funding arbitrage (25-62%)
- Geographic expansion — zero capex
Patient
- Dental, neuro, ortho in one visit
- Zero out-of-pocket cost
- Hidden injuries detected
- Faster case resolution