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The business is a decade-old reputable medical facility specializing in and offering advanced treatment techniques.
The practice maintains a consistent flow of patients and a pay-in-advance model. As of September 2023, the business is fully booked until September 2024. This ensures the business’s sustainability and viability. In the trailing twelve months (TTM) as of June 2023, the business generated revenues of $2.7 million, with seller discretionary earnings (SDE) amounting to $2 million.
The business, despite operating only four days a week with the owner (sole physician) performing two surgeries daily, has achieved financial success. As one of only a handful of specialized centers nationwide, it garners a wide patient base from across the United States, Canada, and abroad, with about 80% of its patients coming from out of town. The large influx of patients from various regions, significantly from across the US, emphasizes the underserved nature of the market, a point further underscored by the long wait list at the facility.
The practice has a vast referral network and a strong brand, with regular patient referrals from renowned medical institutions, including, other physician practices universities, and clinics.
Team: Owned and founded by a reputable practitioner who trained with worldwide experts and supported by a team of 5 employees with various responsibilities (medical technician, back-office resource, 2 front office resources, and an insurance manager).
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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.
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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
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Non-Emergency Transportation for both local and Long Distance. They have been established for many years. The fleet is owned and well maintained. The owner has set this up for an easy transition with all systems and processes in place. The business also caters to long-distance medical transportation. The company is approved by the New York State Department of Health to provide medical transportation. An in-house mechanic maintains the fleet.
The company is a non-emergency medical transportation company that primarily transports individuals to and from their medical appointments. In addition, the company transports discharged individuals from hospitals and rehabilitation facilities to other counties throughout NYS.
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This company provides Mental Health Services – Therapy as well as Medication Administration to a select group of patients. Basic service areas include ADHD, Anxiety Disorders, Depression, LGBTQIA+, Mood Disorders, Personality Disorders, PTSD, Substance Abuse Disorders, Trauma.
Other Specialty Services are offered. The owner is selling due to other business interests – lack of time to devote to this business, ability to maintain and continue growing this business.
New Ownership Requirements: Connecticut requires this company to be owned by a licensed professional qualified in the medical field i.e. MD, APRN, NP. The business can be operated under a Management Agreement. The owner will remain active to offer an orderly transition.
Staff: The Staff consists of the Owner who holds the license in Connecticut. The balance of the staff consists of Professional Staff – MD, NP, PMHNP, Office Staff, Support Staff and Therapists. As of 12/2023 the total staff consists of approximately 60 W2 and 1099 Employees.
Growth/Expansion Opportunity: The new owner can expand the services offered geographically within the State of Connecticut. Current ownership has Opened 3 new office locations in CT in 2024.
Facilities: The business operates out of multiple medical office locations in the Western Part of Connecticut – All Facilities are Leased under favorable market rates. Leases can be extended under new ownership.
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Well-established primary and preventive health care practice serving 4,000 patients within a 50 mile radius.
This practice serves area communities with a personalized approach to family medicine for all stages of life, from infants to seniors. They offer comprehensive primary care services for the whole family, including preventative care and acute illness care.
Six employees will stay on, and the real estate is also available to purchase. The seller will stay for a reasonable transition period and is willing to stay on with an employment contract.
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.
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Established and well managed pediatrics healthcare practice serving 4 counties with a personalized approach to general pediatric medicine.
Located in a well populated, growing area with no competition.
Extensive growth opportunities since patients all come from word-of-mouth referrals so implementing a website and marketing will help grow this practice even more.
8 employees will stay on. The 2,400 square feet of office space is leased and easily transferable to the new owner.
Seller will stay on for a reasonable amount of time to ensure a smooth transition.
This business has an accepted offer. Please view our other Healthcare Companies for sale.
Established, well-managed eye care practice operating for 20+ years with 10,000 active patients.
This practice serves area communities with a personalized approach and has great reviews as a result.
Many growth opportunities are available to a new owner since this practice is capable of expanding with satellite offices in neighboring communities.
Also, most patients come from word-of-mouth and referrals so marketing this practice will help grow it even more.
PLEASE NOTE: Only buyers with an Ophthalmology license will be considered.
10 devoted employees will stay on, and the real estate is leased. – Seller will stay for a reasonable transition period as well.
