The Future of Integrated Healthcare

500 Clinics. One National Front Door.

Chiropractic. Dental. Neurology. Orthopedic surgery. Advanced imaging. Medical funding. One alliance. One room. Every patient screened.

Ritz-Carlton, DallasMay 2026By Invitation
The Problem

Three Industries. One Broken System.

The pieces are already in place. They just aren't connected.

Chiropractic
3,200practices for sale

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.

Distribution
1,000sof clinics needed

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
1 Techper 5-10 clinics

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 Alliance

One Room. Three Revenue Engines.

Total deployment cost per clinic: under $30K. Staffed by one Integrated Health Technician.

DDSO Partnership

Intraoral Camera + Hub Dentist

DDSO-trained technicians deploy inside chiro clinics. Telehealth connects patients to a hub dentist for perio, sleep, and TMJ screening.

  • Intraoral camera with HD imaging
  • Live telehealth to hub dentist
  • Perio / sleep / TMJ screening
  • Section 179 financed equipment

Equipment Cost

$17.5K actual

$60K retail · Section 179 financed

Revenue Impact

$400-700K

added annual revenue per clinic

All three engines run simultaneously in one clinic. One room. One technician.

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.

The Transformation

The Same Clinic. Transformed.

Without IHA
  • $1,500-2,000 avg PI case
  • 18-24 month settlement wait
  • No TBI documentation
  • Chiro absorbs the losses
  • No supplemental revenue
With IHA
  • Paid upfront via funding
  • qEEG documents TBI (5-10x value)
  • Free IHT staffed in clinic
  • Funding absorbs settlement risk
  • National PI co-op network
Revenue Comparison — Same 150-200 PI Cases

Without IHA

$300-600K

150-200 PI cases at $2K, no upfront, 18-24 mo wait

Best Case

With Neuro + Funding

$2-4M

Same cases now $10-20K with qEEG TBI + paid upfront

With Dental Added

+$400-700K

New dental revenue stream, zero cost to chiropractor

The Model

From Patient to Payment

Every touchpoint in the care journey becomes a billable event.

1

Patient Enters

Chiro clinic

2

Chiro Treats

$1,500-2K funded upfront

3

Neuro Screens

qEEG, $10K avg

4

Ortho / MRI

Imaging, $10K avg

5

Armina Funds

Buys medical bills

6

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 Path

qEEG bills to PIP first. Once PIP exhausts, tort claim activates. Dual-revenue pathway.

The Economics

Per-Clinic Revenue at Scale

Conservative

$1.4M

per clinic

200 PI cases × $5K blended + $400K dental

× 500 Clinics

$700M

Base Case

Base Case

$3M

per clinic

300 PI cases × $8K blended + $600K dental

× 500 Clinics

$1.5B

Upside

$5.7M

per clinic

500 PI cases × $10K blended + $700K dental

× 500 Clinics

$2.85B

Unit economics to be validated in Phase 1 DFW pilot.

The Exit

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

Preferred
  • 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

1

ESOP Platform

4-8x multiple, tax-free liquidity at exit

2

Chiro Dental Alliance

TMJ, sleep, and perio revenue streams added to your practice

3

IHT Placed at Zero Cost

Free trained Integrated Health Technician inside your clinic

4

qEEG + Neuro Telehealth

Mobile circuit shared across 5-10 clinics — no equipment purchase

5

National PI Marketing Co-op

$500/month buys into shared lead gen across the entire network

6

Medical Funding

Every PI case paid upfront — you're done waiting on settlements

7

ESOP Ownership in Armina

Co-ownership eliminates fee-splitting risk by design

Alignment

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
The Plan

Phase 1: Prove It in DFW

Dallas-Fort Worth, Texas
1
Now

30 Dentists Deploying

First wave of DDSO dentists deploying trained technicians into chiro clinics this week.

2
April

First 10-20 DFW Clinics

First chiropractic clinics activated in the Dallas-Fort Worth market. IHT training begins.

3
May

Ritz-Carlton Launch

Alliance launch event at Ritz-Carlton, DFW. Armina leadership present. Phase 1 officially open.

4
June

Validate Unit Economics

Real collection data in hand. qEEG billing live. Funding arbitrage confirmed. Model proven.

5
Q3

Expand to Phoenix

Scale to 50-100 clinics. Phoenix market activation. National co-op launches in earnest.

Events

See It for Yourself

Next Event

Integrated Healthcare Alliance: Phase 1 Launch

Date

May 2026 — Saturday, Full Day

Location

Ritz-Carlton, Dallas-Fort Worth

Format

Clinical education AM · Business model PM

Capacity

40 seats · By invitation and application

Full-day Saturday. Clinical education in the morning. Business model presentation in the afternoon. Meet the dental, neuro, and surgical partners building this alongside you. See the equipment. Meet the IHT. Understand the funding mechanics.

Reserve Your Seat

Armina leadership will be present.