Annual Revenue: $934,382
Net Cash Flow: $508,491
Industry: Health Care
Location: New York City, New York
This well-established private practice was established more than 30 years ago. The owner has built and maintained a reliable and growing patient base despite the challenges of the Covid-19 pandemic. There are currently approximately 6,000 active patients on the +10,000-chart list.
The practice revenue averaged >$900k on a cash basis for more than 3 years, with SDE over $500k annually over the same period. The practice still attracts 150 to 200 patients annually without direct marketing to the service area, and the owner is affiliated with 2 local nursing homes.
Team and Services: Owned and founded by a reputable licensed pulmonologist and supported by a partner, the focus is on the diagnosis and treatment of ailments of the lungs and respiratory systems and includes, among other services, complicated chest infections, occupational and environmental diseases, as well as sleep disorders.
The practitioners each work 2 office sessions per week with minimal office consultations, choosing to exclusively treat their patients.
Training & Support:
The owner is willing to fully assist the buyer in the transition process to ensure minimal impact on business operations and to maintain the affiliation with the local nursing homes.
There is no competition in the area since the practice is self-sustaining and there is minimum outside consultation work.
The practice has significant growth potential.Using a marketing strategy and extending hours for practitioners will see a substantial increase in patient volume. Including specialties like cardiology and gastroenterology could turn the practice into a multi-specialized environment.