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Internal Medicine Practice With A Senior Patient Base For Sale

Lubbock, Texas, US
Asking Price:
$195,000 Furniture / Fixtures included
Sales Revenue:
$196,460
Cash Flow:
Undisclosed

Located conveniently in Lubbock’s medical district, one of the few remaining independent primary care facilities, this practice provides comprehensive internal medicine services to patients within a 300-mile catchment area. They proudly serve over 250 Medicare Advantage and straight Medicare active patients. The payor mix is 58% Medicare and 42% commercial insurance.

The practice specializes in internal medicine evaluation and management, focusing on preventing, diagnosing, and treating various medical conditions affecting adults. Additionally, the practice provides specialized expertise in sleep medicine consultation, offering thorough evaluation and management of sleep-related disorders. Diagnostic procedures include phlebotomy, EKG services, spirometry, cerumen extraction, pap smears, and immunizations are also available, ensuring comprehensive preventive care and health maintenance for patients of all ages. The practice offers point-of-care testing for nasal and throat swabs, facilitating rapid diagnosis and management of respiratory infections and other infectious diseases.

The practice has built a strong reputation in the community for our unwavering commitment to personal attention, quality of care, and the helpfulness of our tenured staff. They strive to make every patient feel valued and cared for.

In Association with ParaSell, Inc.
ParaSell, Inc. – Scott Reid

Property Information

Location:

Lubbock, TX (Lubbock County)

Premises Details:

A 1,972 SF single-level medical office. Facilities include 1 waiting room with 12 chairs, a business office, a computer server room, 3 exam rooms, 1 doctor’s office, 1 nurse station, 1 staff lounge, 1 storage room with laundry, 1 patient restroom, and 1 staff restroom. The building has 10 dedicated parking spaces. Real Estate available for sale or lease - $315,000 or $95,450 ($28/SF NNN).

Size in square feet:
1,972 SF

Business Operation

Expansion Potential:

Implementing a marketing plan and adding a practice website with a patient portal. Realigning with another ACO. Offering telemedicine to extend the practice's reach beyond geographic boundaries. Offering specialized services, such as chronic disease management, remote patient monitoring or women's health, can cater to specific healthcare needs within the community and differentiate the practice from competitors.

Reasons for selling:

Owner preparing for retirement

Employees:
1
Years established:
1997

Other Information

Support & training:

Up to six months, compensation, and schedule by mutual agreement.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

$30,000 to a qualified physician buyer secured by the assets of the practice