For 32 years, individuals throughout South Florida have depended on this specialized medical practice for their pulmonology needs—a line of medicine projected for impressive growth as the national population ages and pulmonary ailments increase. According to KBV Research, the interventional pulmonology market was valued at $3.7 billion in 2021 and is projected to reach $6.9 billion by 2031.
Since its inception, the practice itself has demonstrated consistent financial growth and stability, indicating a stable operation and growing local market. Annual revenues have steadily climbed over the past three years, reaching $1.39 million in 2022.
The region itself presents an added advantage for several reasons. South Florida is renowned for its favorable climate, abundant recreational opportunities, and a robust educational ecosystem, including prestigious universities and colleges. These factors contribute to the practice's attractiveness for both patients and healthcare professionals, thus enhancing its growth potential. In addition, Florida is recognized as the fastest-growing state in the United States, boasting outstanding job growth for the last 39 months. Importantly, the absence of state income tax provides financial benefits to both employees and the business itself, fostering a conducive economic environment.
While there are several pulmonology practices in the region, one factor that sets this business apart is the practice’s unwavering passion and dedication to individualized patient care. The staff’s commitment to helping critically ill patients, providing comprehensive medical evaluations, and initiating effective treatment plans has resulted in positive outcomes.
The owner's profound satisfaction in making a difference in patients' lives has led to great success, a loyal patient base, and a solid basis for new patient referrals to this practice. The owner believes that as long as the next owner maintains a similar patient-centered focus, the practice will continue to thrive for years to come.
The owner's decision to sell the practice at this juncture is influenced by a desire to enjoy retirement and spend more time with his spouse after 35 years of dedicated service. This transition presents a seamless opportunity for a new owner to take the reins of an established practice in a growing market, with a strong reputation, and a loyal patient base.
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