MergerPlace

Pediatric Practice For Sale

Illinois (Cook)


  • Asking Price: $159,900
  • Gross Income: $312,929
  • Cash Flow: $113,946
  • Real Estate: Not Disclosed
  • Inventory: $8,000
  • FF&E: $14,769
  • Listing ID: #201184
  • Established: 1999
  • Employees: 3 FT

Business Description

The practice was started in 1999 and has been located in the current location since 1999. The physician specializes in Pediatric and Adolescent Medicine.


Business Details

Primary Business Category: Health Care - Hospitals
Location: Illinois
County: Cook

Company Information

Year Established: 1999
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 3 FT

Financial Information

Asking Price: $159,900
Gross Revenue: $312,929
Cash Flow: $113,946
FF&E: $14,769
Inventory: $8,000
Seller Financing Available: No

Property Information

Facilities:

Professional office located along busy urban thoroughfare and part of a hospital campus. The clinic consists of 3 examination rooms, physician's office, CLIA approved lab, chart storage and refrigerators for vaccines, front desk and billing areas. An electronic health record system (E-Health Line) is in place and links with hospital for lab work. Staff is trained on the software. Parking and bus routes are convenient to the office. The office is located in a professional medical building. The space consists of 1,800 square feet. Lease expiration date is December 31, 2017. The space is owned by the hospital and the lease payment includes all utilities and leaning services. The lease is transferable to a new owner upon landlord approval.

Growth & expansion opportunities:

Immediate opportunities for growth include an advertising program and networking with other referring physician in the building and local hospital. The practice could add another physician or physician's assistant to increase patient flow and/or complimentary services.

Competition:

The Primary Care industry, including pediatrics and adolescent medicine, is projected to benefit from the healthcare reform laws, but not without overcoming likely obstacles. As more individuals attain health insurance due to the reform, demand for primary care services will increase. This trend will contribute to an estimated annualized growth of 5.0% over the next five years to 2022. After three years of relatively strong performance and with healthcare reform initiatives fully implemented, revenue growth is projected to remain robust, growing 4.1% in 2018 alone.

Reason for selling:

The seller wished to retire. The seller will stay to assist in the transfer of patients and goodwill to the buyer.

Support & Training:

Will train for 2 weeks @ no cost. This physician specializes in pediatric care and adolescent care. He sees patients between 0 months and 18 years of age. License to practice medicine in the State of Illinois required.

Contact Business Seller

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Business Listed By:

Terry Flanagan

Murphy Business Brokers