Profitable Open MRI Centers for sale

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Asking Price:
$6,000,000

Gross Revenue:
$11,856,000
Cash Flow:
$989,256
EBITDA:
$989,256
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

They specialize in MRI 's for personal injury and all major medical insurance and workers compensation. These 8 facilities are open MRI centers. Patients can be scanned in almost any position such as flexion or extension (to name but 2 of many) such that ligamentous instabilities can be seen where missed in any other MRI (closed or open).

They use Fonar technology, which has an added benefit that most MRI's can be performed seated while watching TV. This is the quietest MRI in the market. Their technology helps attract otherwise claustrophobic patients.

This absentee company is well-maintained by leadership with regards to marketing, machine maintenance, billing and collections (in-house), insurance contracts, and bookkeeping.

They get referrals from Attorneys, Doctors, word of mouth and their SEO/website. They are one of the largest providers of open MRI services within the Philadelphia area. All 8 facilities are sold as a package.

About the Business

Location:
Philadelphia County, Pennsylvania
Facilities:
8 separate leases being provided. Most through 2028 with options to renew, etc
Market Outlook/
Competition:
The company is the DOMINANT competitor in the market. No one else has Fonar MRIs and no one else has as many locations. Their referring physicians are loyal and they cater to their patients promptly.
Growth & Expansion:
Adding more insurance contracts to the business would open more doors. Adding other testing modalities like CT, x-ray, ultrasound, PET, etc would offer a one-stop solution to referring doctors and patients. A new owner could pursue a cloud-based solution. Additionally, interacting with large groups of PCPs and specialists would be a win-win. Finally, running television ads would drive the business very well. There are some very good YouTube video ads that can be emulated.
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About the Sale

Training/Support:
On going support will be provided by the seller
Seller Financing:
may consider

Listing Info

ID:
1558707
Ad Detail Views:
358

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Business Listed by

Joe Coculo

Synergy Business Brokers

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Sponsoring Broker:

Blake Taylor
Synergy Business Brokers

U.S. Census Data for Philadelphia County, PA
Age

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Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Philadelphia County, PA
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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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