Outpatient Practice Purchase, Northern NJ
Practice Features:
- The current physiatrist is available to stay on for about 3 years
Payors:
- 60% – 65% Medicare, very little PI, commercial insurance
- Is in-network with most carriers
Finances:
- Has gross receipts of $700K, net $400K; the practice keeps about 55% of the receipts
- Can provide the majority of payment upfront and then spread the rest over 3 years
- The current owner rents the space for $6,000/month
Cost:
- Approximately $600,000, it depends on the arrangement such as how long the current physiatrist stays on
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