Original case file
ENHANCED DUE DILIGENCE — CLOSING MEMORANDUM
Subject: Northline Physical Therapy LLC
Formation: Minnesota limited liability company, incorporated 9 September 2019.
Principal place of business: 3311 Hennepin Ave, Suite 4, Minneapolis, MN 55408.
Registered agent: Lakeside Corporate Filings Inc., 220 S 6th St, Minneapolis, MN 55402.
Beneficial ownership: Sara Lindqvist (60%, contact 612-555-0173) and Tomas Beaulieu
(40%, contact 612-555-0158). Both licensed physical therapists in good standing.
Business activity: Outpatient orthopaedic rehabilitation. Payer mix is 71% commercial
insurance, 22% Medicare, 7% self-pay.
Expected activity: 90-130 monthly credits averaging $2,400. Observed activity matches. One
alert in the review period related to a $46,000 equipment purchase; invoice from a recognised
medical equipment vendor obtained and filed.
Disposition: CLEARED.