The practice was established in 1955. The current seller took over the practice in 1986. The patient mix is 50/50 white collar and blue collar. The patient census includes:
5 years - 20 years 10%
20 years - 40 years 30%
40 years - 65 years 30%
65 years + 30%
The practice takes all major medical insurance. No Medicaid, HMO or capitation payment patients.
The seller shares a 2,000 square-foot office with another physician. The building is a stand-alone facility along a major local thoroughfare with adequate parking. The two physician's split all operating costs including rent, utilities, staff and operational purchases. The office consists of 4 examination rooms, 1 nurse’s station and 1 lab area. Additional work areas include a private doctor’s office, medical record filing area and a management area.
This practice has existed in the current location for 60 years with a strong presence in the local area. Immediate opportunities for growth are expansion of office hours and introduction of electronic medical records. This office presents an opportunity for a new physician to enter an established practice with controlled operating costs or an extension office for an existing practice.
The area is under-served for family practices.
Physician wishes to retire.
Will train for 2 weeks @ $0 cost. The operation of this practice requires an active Illinois medical license.