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Successful Family Practice For Sale $3M Annual Revenue

Broward County, Florida, US
Asking Price:
$2,500,000 Furniture / Fixtures included
Sales Revenue:
$2,933,712
Cash Flow:
Undisclosed

This robust seven-provider family medicine practice has 23,000 annual encounters and 9,419 active patients with consistent gross annual revenues of $3,000,000 and has been serving the community for 30 years. Currently, the practice is not associated with an MSO. An excellent opportunity exists to align the 1,170 Medicare patients and 665 Medicare Advantage patients with another DCE or ACO for improved profitability. The practice draws patients throughout Broward and Palm Beach counties.

The practice is known for its exceptional customer service, ensuring that every patient feels valued and well-cared for. The seven providers prioritize building strong relationships with their patients, going above and beyond to meet their needs, and addressing any concerns they may have. Additionally, the team’s commitment to providing high-quality medical care sets them apart as the most respected PCP group in the area.

Patients receive comprehensive primary care and family practice services from age five through adulthood, including management of chronic health concerns, endocrine disorders, preventive exams, school physicals, immunizations, gynecological services, minor surgery, allergy testing and treatment, aesthetic services, and medically supervised weight loss.

100% bank financing is available to qualified physician buyers.

In Association with ParaSell, Inc.
ParaSell, Inc. – Scott Reid
Florida Broker of Record

Property Information

Real Estate:

Lease

Location:

Broward County, FL

Premises Details:

Single level 6,810 SF medical office. Waiting room with seating for 40 patients, reception areas, 17 exam rooms, 4 provider offices, 3 patient restrooms, 4 staff restrooms, 8 MA/nursing stations, 1 staff lounge, 2 laboratories, and 4 storage rooms. The building has a large, shared parking lot with 40+ spaces. Lease term negotiable.

Size in square feet:
6,810

Business Operation

Expansion Potential:

The office can currently accommodate 1-2 more providers. The existing storage rooms and other areas could be converted into revenue-producing exam rooms and provider charting stations. Implementation of chronic care management, remote patient monitoring, behavioral health, ultrasound (thyroid biopsies, carotid, venous, echo), fee-for-service weight loss, bio-identical hormone replacement therapy, etc. Obtaining hospital privileges to round on existing patients and increasing capitation contracts would also improve profitability.

Reasons for selling:

Two of the physician partners desire to retire.

Employees:
19
Years established:
24

Other Information

Support & training:

The seller is committed to a smooth patient transition. Two of the physicians will remain 3-6 months post-sale and the other two physicians will remain 1+ years.

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

$250,000 upon approved credit to qualified physician buyer