Established Medical Practice with Orthopedic Spine & Neurosurgeon
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This orthopedic spine surgery practice is led by a veteran surgeon with over 50 years of experience treating a wide range of spinal conditions, from degenerative disc disease to scoliosis and spinal stenosis. The clinic, which is staffed with 2 orthopedic spine surgeons and one neurosurgeon, boasts 4 exam rooms in its spacious office. The practice recently went through its latest round of credentialing with its Independent Practice Associations (IPAs) to secure their Medicare status for a time. The practice works with HMOs and a large group of vascular surgeons. The current payer mix is 70% HMO, 20% Medicare, 5% PPO, 5% Worker’s Compensation.
About the Business
- Employees
- 6 Part-time
- Facilities & Assets
- This 4.4k square foot office leases for $15k per month including CAM. All of the practice’s furniture, fixtures, equipment, and goodwill will be included in the sale.
- Market Outlook / Competition
- This practice benefits from the physician’s 50+ years of experience, its patient diversity and pay mix, its alignment with multiple IPAs that provide a steady stream of spine care referrals of managed care patients, and finally its extraordinarily high bill rates, which the biller can help to ensure will remain with the buyer.
- Opportunities for Growth
- New operators will likely choose to perform surgeries themselves to enhance their margins and further improve their net income, expand the practice, and enhance customer service to ensure the highest quality patient experience.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 4,400
- Rent
- $15,000.00 per month
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- Seller will train for 2 weeks at 20hrs per week or as negotiated.
- Financing Options
- Seller can carry 20% to facilitate an SBA loan.
Listing Info
- ID
- 2462820
- Listing Views
- 36
Listing ID: 2462820 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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