2,128 Medicare Lives | Est. 1998 Internal Medicine | Phoenix Metro
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Prime Phoenix Metro Location with Growth Potential
Rare opportunity to acquire a 26-year-old, physician-founded internal medicine practice in the Phoenix metropolitan area — anchored by 2,128 assigned Medicare lives, a strategically valuable asset in primary care today.
THE INVESTMENT THESIS
This practice has organically built a deeply entrenched Medicare panel over 26 years, without any value-based care (VBC) contracts. For a financially sophisticated acquirer — private equity platform, MSO, or health system — this creates clear, executable upside:
• 917 Medicare Advantage lives available for capitated or risk-bearing arrangements with MA plans
• 1,211 traditional Medicare beneficiaries eligible for MSSP/ACO participation; attributed beneficiary volume exceeds minimum ACO thresholds
• No current ACO or VBC contracts in place — all value-based upside is fully incremental for a new owner
• Complex chronic disease patient mix (diabetes, hypertension, COPD, cardiovascular disease): favorable Risk Adjustment Factor (RAF) profile
• Standard post-acquisition value levers available: HCC coding optimization, Annual Wellness Visits, Chronic Care Management (CCM), Remote Patient Monitoring (RPM)
PRACTICE AT A GLANCE
Founded: 1998 | Specialty: Internal Medicine | Location: Phoenix Metro
2025 Gross Revenue: $2,205,889
2024 Gross Revenue: $2,039,799
Offering Price: $2,700,000
Payor Mix: Medicare 27% | Commercial 72% | Cash
THE INVESTMENT THESIS
This practice has organically built a deeply entrenched Medicare panel over 26 years, without any value-based care (VBC) contracts. For a financially sophisticated acquirer — private equity platform, MSO, or health system — this creates clear, executable upside:
• 917 Medicare Advantage lives available for capitated or risk-bearing arrangements with MA plans
• 1,211 traditional Medicare beneficiaries eligible for MSSP/ACO participation; attributed beneficiary volume exceeds minimum ACO thresholds
• No current ACO or VBC contracts in place — all value-based upside is fully incremental for a new owner
• Complex chronic disease patient mix (diabetes, hypertension, COPD, cardiovascular disease): favorable Risk Adjustment Factor (RAF) profile
• Standard post-acquisition value levers available: HCC coding optimization, Annual Wellness Visits, Chronic Care Management (CCM), Remote Patient Monitoring (RPM)
PRACTICE AT A GLANCE
Founded: 1998 | Specialty: Internal Medicine | Location: Phoenix Metro
2025 Gross Revenue: $2,205,889
2024 Gross Revenue: $2,039,799
Offering Price: $2,700,000
Payor Mix: Medicare 27% | Commercial 72% | Cash
About the Business
- Years in Operation
- 28
- Employees
- 13 Full-time
- Facilities & Assets
- Single-level medical suite, 8,152 sq ft. Includes 16 exam rooms, 1 procedure room, 8 private provider offices, a reception/waiting area (25+ seats), a centralized MA/RN workstation, a dedicated lab draw station, a staff lounge, and 75+ dedicated parking spaces. Physical capacity for 2 additional providers without significant modification. Lease expires June 2028.
- Market Outlook / Competition
- Phoenix-Tempe-Mesa metro is among the fastest-growing U.S. markets, with sustained in-migration of retirees and pre-retirees directly supporting long-term Medicare panel growth. Primary care physician supply continues to lag demand nationally. The ongoing transition of local physicians to concierge models has reduced accessible traditional primary care options in this corridor — creating sustained patient demand and acquisition tailwinds for an established practice with 26 years of community relationships and a deeply entrenched Medicare patient base
- Opportunities for Growth
- Primary value levers for a VBC-focused acquirer: (1) Enroll 2,128 Medicare lives in an ACO/MSSP or MA capitation — no contracts currently exist. (2) Implement Annual Wellness Visit protocols to improve quality scores and gap-closure rates. (3) Launch Chronic Care Management (CCM) and Remote Patient Monitoring (RPM) programs for the chronic disease population. (4) Add up to 2 providers — facility capacity exists without capital investment. (5) Invest in digital marketing to accelerate new patient acquisition beyond the current ~23/month.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 8,152
- Lease Expiration
- 6/30/2028
About the Sale
- Seller Motivation
- Succession-driven transition; founding physician retiring in 2028.
- Transition Support
- Founding physician provides transition support for planned retirement in 2028. Two of three physicians are committed to remaining post-close under employment agreements, ensuring continuity of the patient panel. Experienced PA team (avg. 11+ years of tenure) and full administrative staff are in place. Sellers are committed to a smooth and successful ownership handoff.
- Financing Options
- $500,000 — secured by practice assets and corporate guaranty of acquiring entity
Listing Info
- ID
- 2494571
- Listing Views
- 17
Listing ID: 2494571 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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