- A lot of growth potential as the offices cover a large metro area that is seeing rapid growth and development
- The owner is only working 4 days a week seeing on average 20 patients a day, which can be doubled by a new owner
- Well-established practice with fluoroscopy suites in both offices
Practice Features:
- Charges between $900,000 – $1.3M
- Net Collection – $500,000;( Collection could be better with in-house revenue cycle management)
- The practice is dedicated to render compassionate care to achieve optimal functional rehabilitation, and to foster self-care
- The Physician also provide EMG/NCS services for diagnostic purposes and ultrasound guided injection procedures where fluoroscopic guidance may be inadequate
- The physiatrist strives to integrate a multimodal approach to pain management to return patients to an enjoyable and productive life
Practice Owner Features:
- An interventional pain physiatrist with over 20 years of experience, who specializes in treating people with chronic pain and disability, empowering them to make informed decisions about their health care
- Provides interventional procedures to include ESI, RFA, discography, vertebroplasty and spinal cord stimulators under fluoroscopic guidance
- Diplomate of the American Board of Physical Medicine and Rehabilitation, and board-certified in American Board of Pain Medicine.
- Fellow of the American Academy of Physical Medicine and Rehabilitation, and a member of the American Academy of Pain Medicine.
Offices:
- 2 offices; 45 minutes from each other
- Office 1 – 3,000 square feet; Office 2- 3,000 square feet
- Office 1 – has a fluoroscopic procedure suite on one side of the office; Office 2 – the office and fluoroscopic procedure suite are combined in the same space
Equipment:
- Each office has its own fluoroscopy suite with autoclaves, refrigerators, and Office 1 has additional EMG and ultrasound machines
- Computers, phone systems and furniture
Finances:
- Asking price – $1.2M
- The practice owner owns the office space and rents to himself – Office 1- $4,000 monthly rent, Office 2 – $4,500 monthly rent
- Will consider a payment plan
- Can continue to pay rent