Medical Imaging Company MRI Facility For Sale

Business description

This is a profitable medical imaging company that performs MRI scans, CT scans (CAT scans), ultrasounds, and X-rays. All the customers come from physician referrals, since patients need a written request from a physician to get a scan performed. Once the scan is done, the images are sent online to an off-site radiologist, who interprets the images, creates a report, and sends it along with the images back to the referring physician. The radiologist is a subcontractor under contract, and performs quality assurance and compliance in addition to interpreting the images and writing the report. Having an off-site radiologist is typical in the industry as there is a shortage of radiologists.

It is extremely difficult for new entrants to enter this industry. One cannot submit claims to the insurance companies for reimbursement unless one has existing contracts with the insurance companies, and it is next to impossible for a new owner to obtain these contracts. Therefore, the ideal buyer for this business is a radiologist or radiologist group that already has these contracts with the insurance companies in Washington State, or an entrepreneur who partners with radiologists that have these contracts.

Property information

Real Estate:

Lease

Location:

The owner has purchased approximately $2 million in equipments at this location, and spent $600,000 on the build-out. To start a new medical imaging facility, one can easily spend $3 to 4 million. This facility is located in a 6,700-square-foot space with a rent of $15,100 per month + $1,600 per month in NNN. There are 6 years left on the lease with three additional 5-year renewal options.

Other information

Expansion potential:

The industry is growing, so the new owner can expect to see growth in revenues. A buyer with the capability of having on-site radiologists would be able to dramatically increase both revenues and gross margin.

Competition / Market:

This company is the preferred referral facility for over 2,000 local physicians. The location is excellent, and it is a one-stop imaging facility that provides convenience to patients and referring physicians.

Support & training:

Negotiable

Reasons for selling:

Not enough time.

Financing available:

Broker can assist Buyer in obtaining financing.

Furniture / Fixtures value:

$2,000,000

Inventory / Stock value:

$4,500

Contact the seller

For more information about this business for sale, click the Contact Seller button.

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