Profitable Pediatric Practice in SW of Houston

Houston, TX
Harris County

Asking Price: Annual Revenue:
$820,000 $1,190,284

Services: Medical, Dental

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RE: Profitable Pediatric Practice in SW of Houston Broker: Austin Zhao

Quick Facts

Asking Price: $820,000
Annual Revenue: $1,190,284
Net Profit: Not Disclosed
Cash Flow: $520,432
Total Debt: Not Disclosed
FF&E: $95,700
Real Estate: Not Disclosed
Year Established: 1975
Employees: 9
BBN Listing #: 500544107
Broker Reference #: 76931-968032

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Business Overview:

This well-established pediatric practice adjacent to a major, renowned hospital in Southeast of Houston area has been in business since 1975. The current owner acquired this practice in 2015.

Currently, the practice is operating with 1 doctor, 2 Nurse Practitioners and 7 other staff members, including bilingual personnel, with approximately 4,700 active patients. The practice sees approximately 38 patients per day including approximately 3 cash patients on average. Of its total revenue, 50% come from insurance billing and the other 50% from Medicaid.

The practice accepts most insurances including Medicaid, Aetna, BCBS, Cigna, Humana, United Healthcare, Texas Children Health Plan, Community Health Choice, Amerigroup, and many other commercial insurance plans, and utilizes E-clinical works software and submits insurance claims electronically.

Significant business is generated from nearby Obstetrician offices. The practice gets newborn patients from surrounding hospitals where the current doctor in place is credentialed. The practice participates in some of the 30 managed care contracts within the hospital systems, with plenty of room for expansion. A new doctor can arrange for this same credential so not to disrupt current referrals. Some lab work and allergy services are performed on site.

The current owner has doubled the revenue since her acquisition in 2015, and it has more room to grow with added providers. The revenue in 2021 was $1,190,284 with $520,432 of Seller’s Discretionary Earnings (SDE).

The seller/physician is selling the practice because she needs relocate to other country. She will help the buyer in transition for 4 weeks at no cost after the closing. Additional transitional support is available, period and compensation to be negotiated. While applying for the hospital’s managed care program, the new owner can work under the seller’s current set up for up to 3 months.

This is a rare opportunity for a medical doctor, or a qualified medical group in the medical field to acquire an established, profitable, and growing medical practice in a fast-growing area.

This well-established pediatrician’s practice has been in business since 1975. The current owner acquired this practice in 2015 and transitioned from paper to EMR. The current owner has expanded the suite, remodeled the interior, and added additional area.

o Profitable and stable practice
o Huge client base (4,700 active patients)
o Well recognized with over 7 years in the same location.
o High patient satisfaction
o Close to a major, renowned hospital in the Houston area
o Allergy services huge demand.
o High Demand for Pediatrics, growing demographics.

Proactive marketing methods are needed to fully utilize to achieve maximum income potential. There are many ways to proactively market this business by using website and digital ads to encourage more business.

In addition to the normal operations in weekdays, the office only opens one Saturday a month. The new owner can open more Saturdays to increase revenue.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Retiring & Moving Out of Country.

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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