California Anesthesiology Practice

Not Disclosed, CA
Kern County

Kern County

Asking Price: Annual Revenue:
$999,000 $2,100,000

Services: Medical, Dental

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RE: California Anesthesiology Practice Broker: Heather Krebs

Quick Facts

Asking Price: $999,000
Annual Revenue: $2,100,000
Net Profit: $555,000
Cash Flow: $555,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2016
Employees: 2
BBN Listing #: 548952800
Broker Reference #: Anesthesiology 2021

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Business Overview:

Provides anesthesia services by licensed providers at a surgery center with 3 complete operating rooms, 2 GI suites, and 1 procedure room. The Company hires and schedules the providers. The services are contracted by a national company. The surgeries include:
• Gastroenterology
• Interventional Radiology
• Orthopedics / Total Joint Replacement
• Pain Management
• Spine / Neurosurgery
• Urology

Value add:
1. Medicare previously would not reimburse for services outside of the hospital, but as of 01/01/21 they will begin reimbursement for these services. This is a huge opportunity for growth.
2. Valuable Contract signed on June 1, 2020. This contract is for 2 years with a 1 year automatic extension.
3. Hospital refuses to do services that are not elective. This means that all elective surgeries will now be done by the Company. This started in June 2020. These surgeries are typically better paying with higher margins.
4. Busy surgery center with a strong relationship with the main customer.
5. Total joint program to initiate January 2021.
6. All local outpatient procedures done at this facility.
7. Policy and procedures in place that follow evidence-based practice.
8. Strong independent anesthesia providers without limitations to practice.
9. Room for growth. Existing staff is at 80% capacity.

Sales: $2.10 M 2020 Annualized
$2.02 M 2019
$1.08 M 2018
Cash Flow/SDE $555,000 2020 Annualized
$567,287 2019
$518,488 2018

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Reason for Selling:

Moving out of state.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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