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Profitable Cardiology Practice In Sarasota County For Sale

Sarasota County, Florida, US
Asking Price:
$895,000 Furniture / Fixtures included
Sales Revenue:
$1,863,280
Cash Flow:
$492,734

EXCEPTIONAL INTERVENTIONAL CARDIOLOGY PRACTICE - SOUTHWEST FLORIDA

Rare opportunity to acquire a distinguished 22-year interventional cardiology practice in one of Florida's most desirable coastal markets. The retiring physician-owner, trained at Harvard and Emory under angioplasty pioneer Dr. Andreas Gruentzig, has built a thriving practice with exceptional financials and unique market position.

FINANCIAL PERFORMANCE:

  • $1,863,280 gross revenue (2024)
  • $492,734 SDE (26.4% margin)
  • Stable 5-year revenue history
  • 90 concierge members generating $445,500 annually
  • Strong payer mix: 50% Medicare, 25% commercial

UNIQUE PRACTICE FEATURES:

This is the ONLY cardiology practice in the area offering EECP therapy, providing a valuable differentiator and additional revenue stream. The innovative hybrid concierge model combines premium membership fees ($4,950/year) with traditional insurance billing, creating predictable recurring revenue while maintaining accessibility. The practice is one of only two covering both major area hospitals, ensuring superior continuity of care and broader referral base.

COMPREHENSIVE SERVICES:

In-Office: General cardiology consultations, EKGs, echocardiography, vascular ultrasounds, Holter monitoring, nuclear stress testing, pacemaker checks, EECP therapy, advanced lipid testing.
Hospital-Based: Cardiac catheterizations, PTCA/stent placements, cardioversions, daily rounds at both hospitals

OPERATIONAL STRENGTHS:

  • 4,000 active patients plus substantial seasonal population
  • 3 experienced APRNs managing routine care
  • 20+ year practice administrator staying on
  • Established referral network with local PCPs
  • Greenway Intergy EMR fully implemented

IDEAL BUYER PROFILES:

1. Employed interventional cardiologists seeking private practice ownership
2. Large concierge practices wanting to incorporate cardiology services
3. Multispecialty groups expanding cardiovascular offerings
4. Strategic buyers capitalizing on aging demographics

LOCATION ADVANTAGES:

County population of 480,000 with median age 58 creates exceptional demand for cardiac services. The affluent retiree population (82% homeownership, $70K median household income) supports premium concierge model. Professional medical building location near both hospitals with ample parking. Major coastal community known for culture, beaches, and quality of life.

TRANSACTION HIGHLIGHTS:

  • 100% financing available to qualified physicians
  • $200,000 seller financing included
  • Flexible transition assistance available
  • Lease assignable at $8,808/month
  • All equipment and assets included

This turnkey opportunity offers immediate cash flow, established systems, and tremendous growth potential. The combination of recurring concierge revenue, comprehensive diagnostic capabilities, unique EECP therapy offering, and privileges at both major hospitals creates exceptional value rarely available in today's consolidated healthcare market.

In Association with ParaSell, Inc. | A Licensed Florida Broker
ParaSell, Inc. – Scott Reid - Florida Broker of Record

Property Information

Real Estate:

Lease

Lease Terms:

Lease Expiration: 8/31/2026

Rent: $8,808 per Month

Location:

Sarasota County, FL

Premises Details:

Single-story medical office with 5 exam rooms, 2 provider offices, dedicated ultrasound/stress lab, EECP therapy room, and pacemaker clinic. Professional building near both major hospitals with ample parking. Reception area, staff lounge, storage. Lease available $8,808/month through Aug 2026. Tumkey with all medical equipment included. Prime location in established medical district.

Size in square feet:
2,500 sq ft

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Immediate opportunities: Expand concierge program from 90 to 200+ members (high demand, mínimal marketing). Recruit additional physician with TEE/electrophysiology expertise. Market underutilized EECP therapy to referring physicians. Enhance digital presence and community outreach. Longer-term: Add cardiac CT/MRI capabilities. Develop heart failure clinic. Partner with primary care for prevention programs. Expand to second location. Demographics ensure 20+ years growth as baby boomers age. Practice positioned perfectly for value-based care contracts.

Competition / Market:

Southwest Florida cardiology market driven by median age 58 and growing retiree population. US cardiology market projected 7.7% CAGR through 2030. Major competitors include large cardiology groups and multispecialty organizations, but they don't offer EECP therapy or cover both major hospitals. No hospital-employed cardiologists preserves independence. Practice's unique hybrid model and personalized care differentiates from larger groups. Growing demand from aging baby boomers ensures expanding patient base. Strong seasonal population adds revenue.

Reasons for selling:

After 38 distinguished years serving the community's cardiac patients, owner seeks well-deserved retirement. At optimal transition age, he wants to ensure his patient-centered legacy continues under qualified leadership. No health issues or practice problems - purely lifestyle decision. Committed to finding right successor who shares quality-over-quantity philosophy. Flexible transition timing.

Employees:
7
Years established:
2002

Other Information

Support & training:

Harvard/Emory-trained owner offers comprehensive transition assistance on mutually agreed tenns and compensation. Three experienced APRNs ensure continuity. 20+ year administrator stays to maintain operations. Full training on hybrid concierge model, EECP therapy protocols, hospital procedures, and established referral relationships. Flexible transition schedule.

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

$200,000 to a qualified physician buyer

Furniture / Fixtures value:
$50,000 - included in the asking price