MergerPlace

Addiction Medicine Practice

Ohio


  • Asking Price: $495,000
  • Gross Income: $787,143
  • Cash Flow: $257,380
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $25,000
  • Listing ID: #196916
  • Established: 2012
  • Employees: 4 FT/1 PT

Business Description

This practice is an outpatient addiction treatment clinic located in central Ohio. The clinic is focused in opiate and alcohol addictions and performs services to include counseling, medication assisted therapy and interpersonal skills training. The seller's are board certified addictionists through the American Board of Addiction Medicine and continue to operate separate practices concurrently.


Business Details

Primary Business Category: Services - Professional, Scientific and Technical
Location: Ohio

Company Information

Year Established: 2012
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 4 FT/1 PT

Financial Information

Asking Price: $495,000
Gross Revenue: $787,143
Cash Flow: $257,380
FF&E: $25,000
Inventory: $5,000
Seller Financing Available: No

Property Information

Facilities:

The clinic is located in a professional office building located in a suburb professional neighborhood. The 2,200 square foot office consists of 4 examination rooms, 4 consultation rooms and 1 room for treatment. The space also includes a physicians office, nurse's station and lab area. Spacious waiting area contains 19 chairs. The office was last remodeled in 2016 with upgrades in lighting, alarm/cameras and upgraded wiring for electric data.

Growth & expansion opportunities:

With passage of the Comprehensive Addiction and Recovery Act (CARA), the potential to increase patient visits per month has changed from 100 pvpm to 275 pvpm with appropriate certification. This allows for practice growth without a change in the fixed cost structure of the practice. Demand for substance abuse services has increased, despite efforts by health and government agencies to reduce substance abuse. Clinical advances in treatment and a greater acceptance of substance abuse as a disease have resulted in increased public awareness and a willingness by abusers to seek treatment. Most managed health care plans have some sort of substance abuse coverage, and many corporations provide substance abuse information to employees and offer drug counseling and assistance programs. Immediate Opportunities for Growth: Physician referrals are the major source of patients at mental health and substance abuse facilities. Maintaining good relations with area hospitals and urgent care facilities ensures continued patient referrals. Companies develop formal initiatives to approach new referrals and expand existing relationships. Increase in physician contact hours and addition of physician extenders and certified counselors would develop the potential for revenue growth without increase of facility cost.

Competition:

Revenue (in current dollars) for US mental health and substance abuse services is forecast to grow at an annual compounded rate of 6% between 2016 and 2020.

Reason for selling:

Owner wishes to retire. The seller will sign a non-compete with the buyer.

Support & Training:

Will train for 2 weeks @ no cost. Services include professional and confidential outpatient therapy for opiate and alcohol related disorders. Therapy is delivered through a combination of independent and group counseling, family intervention and managed medication.

Contact Business Seller

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Business Listed By:

Terry Flanagan

Murphy Business Brokers