Occupational Medicine Practice In Delaware

Business Overview:

This occupational medicine practice in Delaware has shown consistent numbers year over year. Priced at $590,000, a down payment of $59,000 returns $121,567 in the first year after debt payments which is a 206% return on investment!

They have 12 fully trained employees on staff, and their expertise spans across workers compensation, immigration exams, CDL exams, travel medicine, physicals, drug screens, TB tests, and COVID-19 vaccinations. The current staff includes the owner and 11 others. The owner is a full-time M.D. who spends 80% of their time in direct patient care, 15% in administrative work, and 5% in occupational health evaluation and labs; they hold the following certifications: DE WC, DOT, Civil Surgeon, and MRO. The part-time staff includes a Nurse Practitioner, a Physician’s Assistant, a Billing Manager, 4 Medical Assistants, 2 Registered Nurses, and another Medical Doctor. This company also has a full-time Office Manager.

The goal of this company is to provide occupational healthcare and travel medicine to the residents, businesses, and vacationers in Sussex County. They cherish the opportunity to assist employers in managing their most important asset: valued employees. They believe the quality of medical care employers provide their employees speaks louder than words. They maintain open lines of communications with employees, employers, case managers, and insurers with the single purpose of returning employees back to work as soon as medically possible.

A new owner could grow the business by expanding services, implementing a marketing strategy, increasing staff and hours of operations, and capitalizing on the facilitation of vaccines.

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Property Features and Assets:

Buildings: Owned by owner -- Location 1: 1,650 square feet; Location 2: 1,942 square feet. Equipment: $43,063 Inventory: $8,027 Intangible Assets: Strong client relationships, established credibility, case management process.

Market Competition and Expansion:

Growth Opportunities: Marketing, increase staff and hours of operations, capitalizing on the facilitation of vaccines, collaborations, expansion of services

Reason for Selling:

Retirement

Additional Details:

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