Established Cardiology Practice W/SBA Or Seller Financing
An established cardiologist, with over 30 years in the same building, is selling the practice. Revenue has grown in this past year and is expected to continue to grow, despite the doctor not having made any hospital calls, except visits to existing patients, over the last few years. The buyer can add all of these services and grow the practice even further. The practice has almost 1000 active patients, as well as over 50 international concierge patients, which are treated on a regular basis. They continue accepting new patients and also accept all major private insurances, including Medicare. These insurance contracts are held by the business, not by the doctor, and are transferable to the buyer of the business.
There are various tests performed in the office, such as halter monitoring, and arterial and venous studies, as they have an ultrasound machine, which is owned 50% by the technician, who visits the practice regularly for appointments with patients. Additionally, the doctor currently performs various tests, such as stress tests and nuclear and pharmacological tests in a hospital setting. The office has also increased the number of patients, as they have added wellness and weight loss medications with follow-up to the list of services provided.
The doctor is willing to stay on a few days a week as part of a transition period and under a mutually agreed upon agreement. Seller financing is available, and the business is SBA Pre-qualified.
