This is a turnkey family medicine and personal injury practice in the East Valley of metropolitan Phoenix, generating $745K in annual revenue with $231K in owner earnings (SDE) — priced at just 1.5× SDE.
Established in 1998, this practice has operated continuously at the same location for 27 years, building deep community roots and a loyal base of 2,182 active patients. The owner is a board-certified DO with 35+ years of experience who is preparing for a well-earned retirement.

What makes this practice stand out is its dual revenue engine. Approximately 50% of revenue comes from traditional family medicine — wellness visits, chronic disease management, and acute care. The other 50% comes from personal injury (PI), workers' compensation, and musculoskeletal injury cases. PI and occupational medicine patients reimburse at materially higher rates than standard office visits and require multiple follow-up appointments, driving strong per-patient revenue. The practice typically generates 2–4 new PI or OccMed patients per week through established attorney and employer referral relationships that transfer with the sale.

Core services include comprehensive physicals, chronic disease management, acute visits, osteopathic manipulative treatment (OMT), electrical muscle stimulation, massage therapy, medication management, and therapeutic exercise programs. The practice participates in fee-for-service commercial insurance plans, Medicare, and supplemental plans. It does not participate in Medicaid/AHCCCS.

The operation is fully staffed with an experienced, loyal team: a reception coordinator, medical assistant, billing and coding specialist, billing supervisor, accountant, and medical records clerk. All current employees have expressed their intention to stay. There is also an open bilingual medical assistant position ready to be filled by a new owner.

The practice runs on a cloud-based EMR with an integrated patient portal, voice dictation software for documentation, and QuickBooks for accounting. The no-show rate is just 5–10% thanks to automated text/email reminders and a no-overbooking policy. New patients are typically scheduled within seven days.

The asking price of $350,000 includes all furniture, medical equipment, supplies, goodwill, trade name, phone numbers, and patient records. The seller will provide a $50,000 seller-carryback note to a qualified physician buyer, bringing the cash requirement at close to $300,000. Accounts receivable are excluded. The building suite is also available for purchase at appraised fair market value, offering a path to real estate ownership.

This is a compelling opportunity for a primary care physician — DO or MD — or a small group looking to acquire a cash-flowing practice with a differentiated service mix, an experienced team, and significant untapped growth potential in one of Arizona's fastest-growing metro areas.