Medical Endocrinology Practice
Location:
United States
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Maryland
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Rockville
Industry: Health and Medical > Medical Practices
Business Summary
For Sale - Endocrinology Practice with emphasis on Diabetes / Osteoporosis / Internal Medicine .
- Solo practice Montgomery County since 1994.
- High-end affluent clinic site w/ secondary satellite clinic in Suburban Montgomery County.
- Hospital privileges at 3 local major hospital centers, 3 major nursing homes.
- Approximately 1950 active patients. Patient database: 2600 patients.
- Ongoing 15-20 new patients average per week.
- 2004 gross billed in excess of 1 million with +/- 45% net collection per year. Significant additional income available w/local agencies, support groups, and pharmaceutical consulting services.
- 25% growth each year and includes potential of added related products and services to current core operations.
- Average total office expense: $181,000 per year.
- Recent office furniture renovations completed.
- Provides extensive exclusive Endocrinology services for 3 local area senior retirement homes.
- Health carriers & MCO's represent 79 companies with BC/BS, Medicare, Mamsi, Aetna as the biggest % of referral source.
- Office staff & manager can continue with practice as buyer may require.
Contact for more information on this Medical Endocrinology Practice business for sale.
Financials
Asking Price Range: $250K - $500K
Gross Revenues:
$1,100,000
Cash Flow:
$500,000
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Yes
About The Business
Year Established: 1994
Number of Employees: 4 - 5
Relocatable: Yes
Franchise: No
Current Real Estate: Leased
About The Sale
Management Training and Support: Available.
Reason For Selling: Death of physician.
Click on the "I'm Interested" button above for more information on this Health and Medical > Medical Practices business for sale.
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Print Listing Id: 70020763
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