Are you interested in buying a telehealth practice? Telemedicine is a growing business. Some telemedicine practices also have conventional in-office healthcare. And some are purely telemedicine. Other practices are part of a virtual medicine practice, which provides consultations via Zoom, text, email, and telephone.
All of our clients want to maintain the confidentiality of the sale of their medical practice. We provide an overview of each practice below. To get the specific details, please fill out our online NDA on the business that you are interested in. On the online NDA, we also request that you provide some information on your background and financial qualifications so that we make sure that you are qualified to purchase a specific medical practice.
Founded in 2022 by two emergency physicians, the company leverages telehealth technology to offer accessible weight loss solutions over the internet, eliminating geographical barriers for patients. The company connects patients with healthcare professionals
across Georgia and Texas, providing personalized weight loss solutions via virtual consultations. Patients benefit from direct communication with healthcare providers, access to educational resources on nutrition and lifestyle modifications, and regular check-ins to address concerns and celebrate milestones.
Its efficient, Physician Assistant driven operational model requires minimal oversight from the owners (1-2 hours per week), offering a turnkey operation with significant growth and scalability potential. The company’s evidence-based approach led to approximately 80% year-to-date revenue growth as of August 2024 compared to the same period in 2023 with over 50% EBITDA margins in its second year of business.
Clients: The company maintains a 106% net retention rate, indicating strong customer satisfaction. The company has served over 400 clients.
Customer Acquisition: The company primarily sources clients through patient referrals and partnerships with primary care physicians. Satisfied patients drive word-of-mouth growth, while physician partnerships provide a steady stream of referrals from trusted medical professionals. The company has grown without active marketing, presenting a significant opportunity to expand
through targeted digital marketing and collaborations with health influencers.
Reason for Selling: The owners are seeking to sell the business primarily due to time constraints. Both are full-time physicians with young families, making it difficult to focus on the company’s expansion despite its significant growth potential. They are looking for a buyer who can leverage the business’s existing success and capitalize on future opportunities.
Financials: The company reached run-rate revenues of $1M with over 50% EBITDA margins. With an expanding customer base and high net retention, it is projected to reach $1.8M revenues with approximately 50% margins by 2025.
Growth Outlook: This fully scalable business is positioned for further growth with multiple expansion opportunities including the following:
Market Overview: Rising obesity rates and increasing awareness of obesity-related health risks are driving demand for digital weight loss solutions. The global digital health for obesity market is projected to grow at a CAGR of 23% from 2024 to 2030* while the overall telehealth services market is also expanding rapidly, with a projected CAGR of 30% from 2024 to 2030**.
Business Highlights: First time for sale – after more than 30 years the Physician is preparing to retire. A well-established Practice – General/Internal Medical in a prime location. The current active patient base is between 2,000 and 3,000 annually with approximately 85 daily visits. The office is open 4 days a week with about 50 in-facility and 35 Tele Med appointments during hours. The practice is at full capacity, turning away 20+ new patients weekly. The Doctor has not taken on new patients in the last 3 years. The Practice has diverse age demographics, serving 20% of clients ages 18-30, 45% between the ages of 30 – 65, and 35% who are 65+ years. MD is willing to stay for 2-3 years to facilitate an orderly transition.
Ownership Requirements: MD License in CT
Staff: The Owner – MD – Internal Medicine; and three (3) administrative staff.
Equipment/Inventory: Minimal (OFFICE FFE around $40,000) – Office build-out and recent renovations estimated at $100,000.
*** Financials estimated for 2024
For over three decades, the company has been at the forefront of providing specialized care for individuals struggling with sleep disorders and attention deficit disorders. The clinic, located in the Detroit Michigan Area, is dedicated to offering the highest quality of care, backed by years of experience and expertise in the field of clinical neurophysiology.
Key Distinctions: As a longstanding sleep medicine practice in the area, the company has established a strong reputation and a loyal patient base. This longevity speaks to the clinic’s commitment to providing quality care over many years. Additionally, the clinic’s accreditation by the American Academy of Sleep Medicine further validates its adherence to high standards of practice.
Competitive Advantages: One of the company’s competitive advantages is its comprehensive range of services. Beyond sleep medicine, the clinic also offers attention deficit treatment and clinical research. This breadth of services allows the clinic to cater to a wider range of patient needs. Furthermore, the company enjoys a robust referral network from local physicians, contributing to a steady stream of new patients. This network reinforces the clinic’s reputation as a trusted provider of sleep medicine services.
Services and Clients: The company offers a range of specialized services, including:
The clinic primarily serves adults aged 18 to 80. Most of its clientele, approximately 90%, seek treatment for sleep disorders. The remaining 10% of patients are diagnosed with attention deficit disorders. The clinic caters to a local patient base within a 20-mile radius of its location.
Reason for Selling: The owner plans to retire.
Established in the 1990s, the company is an independent outpatient radiology center offering various diagnostic services. The business owns all its medical equipment, including the only open MRI in the county.
Its primary source of new patients stems from physician referrals. The company’s strategic location benefits from a concentration of healthcare practitioners, resulting in a strong referral base.
Services: The company offers a wide range of diagnostic services, covering MRI, CT scans, ultrasound, fluoroscopy, X-ray, and teleradiology contracts. With a strong emphasis on outpatient care, it maintains top-notch medical equipment owned directly by the business, ensuring accurate and efficient diagnostic outcomes.
Team: Currently, the company has a small but dedicated team of four employees, three full-time and one part-time, including an office staff member. They ensure the smooth operation of the facility, supported by contracted professionals who provide additional assistance when required, particularly during peak vacation times.
Established Natural Medical Clinic and Med-Spa business offering a diverse array of cosmetic services and all-natural regenerative options for pain relief in the Tampa area, Florida.
With over 6,000 client visits in 2023, the company boasts a robust client base. The 2023 revenue was $907k (a 62% YoY growth compared to 2021 revenue of $ 523,350), and the company achieved a Compound Annual Growth Rate (CAGR) of 40% between 2020-2023. The business caters to both cash-based and insurance claim clients. A significant 95% of revenue is cash-based, with the remaining 5% covered by insurance.
The business effectively leverages social media and a strong brand presence in the Florida market to attract customers. The primary source of new patient acquisition is through targeted social media campaigns. The company strategically runs ads on platforms such as Facebook, Instagram, Google, and Groupon.
It holds the Florida Annual Resale Certificate, and the Medicare Durable Medical Equipment certification is pending approval.
Services & Client Demographics:
The clinic offers an extensive range of services, including joint pain treatments, Neuropathy, Shockwave and Soft wave treatments, Wound care, Weight loss programs, and Liposuction.
The initial consultation and treatment plans are handled by the Nurse Practitioner (NP) and office manager. The Clinic also has a Medical Supervisor who does not take an active role in treatments but rather supervises the process. Approximately 75% of clients reside within a 20-minute drive of the business. The target clientele consists of:
Team:
Two owners are supported by a team of eight (8) dedicated professionals responsible for smooth operations:
Medical Supervisor – Indirect role.
Nurse Practitioner – Full time.
Office Manager/Case Manager – Full time.
Receptionist – Full time.
Esthetician – Full-time.
Medical Biller – Virtual, Part time.
Marketing – Virtual, Full-time.
Marketing scheduler – Virtual, Full time.
The company specializes in diagnosing and treating allergies and related conditions. Board-certified and highly trained staff assist in discovering the cause of patients’ reactions and tailor solutions to their unique needs and symptoms to provide effective therapy treatment and prevention.
Services include:
The practice also offers telemedicine to ensure flexibility in hours and immediate service availability for patients who prefer virtual appointments.
This business has an accepted offer. Please view our other Healthcare Companies for sale.
The company is a leading medical group practice conveniently located in 2 facilities and specializing in a comprehensive range of services to address hormonal imbalances, diabetes management, and metabolic disorders.
Committed to providing accessible care, they also offer telehealth appointments and enjoy strong contracts with all major commercial insurance companies, ensuring coverage for most patients as well as the ability to self-pay. The commitment to excellence has been recognized with recent fee schedule increases, further demonstrating the company’s value in the healthcare landscape.
With two thriving locations situated on major hospital campuses in Northern Virginia, the practice benefits from a strong referral base and a reputation for high-quality care. It offers specialized care for a wide array of endocrine disorders, including adrenal gland issues, calcium imbalances, diabetes management, female reproductive health concerns, hirsutism, osteoporosis, pituitary diseases, and thyroid conditions. The patient base is diverse, drawing individuals from DC, VA, MD, and across the country, demonstrating the trust they’ve established with both patients and insurers.
The owner’s desire for a gradual retirement while ensuring a smooth transition for patients is the primary motivation behind the sale. The owner plans to remain involved for 2-3 years alongside the experienced manager, who handles crucial aspects like contracting. The dedicated staff, with tenures ranging from 7 to 12 years, are committed to staying on and providing continuity for patients. Their ability to multitask and cross-cover ensures efficient operations in areas such as medication refills, billing, prior authorizations, and patient communication.
Currently operating near full capacity, the practice anticipates significant growth with the onboarding of additional endocrinologists (both adult and pediatric), physician assistants, and nutritionists to expand their services and meet the increasing demand for their specialized care.
This expansion will enable the company to accommodate more patients, reduce wait times, and further establish itself as a leading provider of endocrinology services in the region. The commitment to efficient care is evident in its minimal overheads and quick medication refill turnaround, typically within 24-48 hours. As they grow, the practice focus remains on providing accessible, high-quality endocrine care to patients in need.
The company offers diversified, accessible, and personalized mental healthcare services including counseling onsite or at home. It facilitates evidence-based health behavior change for communities, organizations, and individuals.
The company offers a range of outpatient therapies and psychiatric services for children, adolescents, and adults that include Psychotherapy, Medication Management, Psychological and Neuropsychological Evaluations, Veteran Services including PTSD, Play Therapy, Group Therapy, Telemental Health, and Counseling.
This business has an accepted offer. Please view our other Healthcare Companies for sale.
This well-established mental health center in Baltimore has been serving the community for 40 years. It boasts a strong reputation, evidenced by referrals from multiple generations of families and collaborations with renowned institutions like Sheppard Pratt Hospital and Johns Hopkins.
The company has a solid brand and has identified potential for expansion into Western Baltimore County, Catonsville, Howard County, and Ellicott City. Additionally, its expertise in Dialectical Behavioral Therapy (DBT) presents an opportunity to train more clinicians and expand the service to other suitable diagnostic areas. Virtual treatment capabilities further open doors for potential expansion into different states. The organization’s strengths lie in its excellent location, skilled staff, deep community roots, and strong brand recognition.
The company offers a comprehensive range of services, including:
The client base is in and around Towson, MD, with a growing number of clients across the state. Various insurances are accepted while competitive rates are charged compared to other non-hospital-based facilities. Approximately 80% of revenue is generated from insurance reimbursements.
The organization utilizes Google and social media platforms for marketing purposes. While five practitioners work fully remotely, approximately one-third of client care is delivered through Telehealth. A staff complement of 26 is employed for all operations.
The current owner wishes to continue practicing psychotherapy remotely while traveling.
This business has been sold. Please view our Healthcare Businesses for sale. The company facilitates a positive impact in the lives of the people they serve by providing in-community psychotherapeutic services.
Providing Intensive In-Community Counseling, Nurturing Parenting Facilitators, Behavioral Assistants, Mentoring, Biopsychosocial Assessments, Clinical Supervision, Training Workshops. They cover a wide range of therapeutic needs in the following areas, but not limited to:
This company is 2 years old with an excellent referral base in place.
2021 will be 6 m in revenue based on the owner’s referral process and partnership with hospitals and community health care organizations.
Contact us to help you sell your mental healthcare business in New Jersey or anywhere else in the US.
Synergy Business Brokers has years of experience. Call today at (888)-861-5346 or fill out our contact form. We sell telemedicine practices around the country.
