Business Overview:
Established for 25 years, this primary care/occupational medicine practice is now being offered for sale. Practice caters to local community for primary care and walk in services, as well as offering occupational medicine, worker's compensation and drug screening services. Seller is exploring other opportunities to be closer to family. There is great potential to take this successful practice to the next level. Approximately 10,000-15,000 files will convey to new owner. Practice has 9 exam rooms, staff kitchen, large administrative/reception area, upstairs file room or storage, doctor's office, reception area with approximately 20 chairs and too many other assets to list. New owner can introduce electronic medical record keeping to streamline practice. Practice does employ electronic billing. Practice accepts Medicare and all insurances, except Medicaid. Currently there is one Physician's Assistant and one Part Time doctor practicing in addition to Owner. Owner will stay on for up to 6 months for a strong transition. Full staff in place. Real Estate available.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Assets=$310,000
Market Competition and Expansion:
There has been growth in the Occupational Medicine and Drug Screening sector with mild competition in this area. Currently practice provides drug screening and occupational medicine services to approximately 150 companies. Additionally, the doctors are poised to grow the primary care and geriatrics portions of the business. Expansion of Occupational Medicine, Preventive Care and other onsite services could be easily attained. There are currently no Occupational Medicine specialists in the local Southern Maryland area.
Continued opportunities for growth exist in several areas including primary care, occupational medicine, geriatric care, chronic care, or pediatrics and also by obtaining Medicaid certification. Practice saw a dip in revenues as a result of the recession, but business has been stabilized.
Reason for Selling:
Partial retirement, spend more time with family
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.