Medical Practice For Sale

Listing ID: 700203500

Listing Title: Medical Practice For Sale

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Industry: Health and Medical

Industry Segment: Medical Practices

Country: United States

State / Province: California

Area Southern California - Los Angeles Area

City: Los Angeles

Asking Price Range: $250K - $500K

Gross Revenues: $560,000

Cash Flow: $350,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 1988

Number of Employees: 4 - 5

Business Description:
Selling a general medical practice located in Los Angeles, California. Clinic collect $560,000 annually with robust net income of $350,000. Emphasis is on primary care medicine for children through seniors providing exams, diagnosis, treatments, and minor procedures including; EKG, urinalysis, glycohemoglobin a1c, pelvic exams and paps, hearing evaluation, and prenatal care. Owned by a family practitioner for over 25 years, situated in a medical building on the corner of a major thoroughfare next to a regional hospital with convenient freeway access. Majority of time spent in the outpatient setting. Seller admits and sees patients at 2 local hospitals and 1 nursing home. Practice revenues come primarily from managed care contracts on fixed monthly capitations with roughly 1,500 patients in panels, along with a good number of Medicare patients and some MediCal and PPO. Collections have increased over the last year a result of the seller contracting and taking on additional HMO patients. Up to 100% medical practice financing is available. For details contact our medical practice broker at 800-416-2055 (x222) or email.

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