Business For Sale

Physician Practice Management Co w/Medical Clinics

Houston, TX
Harris County


Asking Price: Annual Revenue:
Not Disclosed $11,618,156

Services: Medical, Dental


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RE: Physician Practice Management Co w/Medical Clinics Broker: Peggy Tate

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $11,618,156
Net Profit: Not Disclosed
Cash Flow: $4,259,007
Total Debt: Not Disclosed
FF&E: $753,000
Real Estate: Not Disclosed
Year Established: 1986
Employees: 87
BBN Listing #: 39113260
Broker Reference #: 8029PT

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Business Overview:

This Houston-based Company has been in business over 20 years. The owners are not medical doctors but they wanted to use their strong business acumen to grow medical practices. Since non-medical doctors cannot own a medical clinic, they established what is known as a Physician Practice Management company (PPM), which would allow them to run the business side of a medical clinic without getting involved in medical decisions. They secured a client relationship with a medical doctor and agreed to handle essentially all strategic, operational and marketing matters and to provide capital as needed. The management company and medical clinics function as a cohesive business with several medical clinics that are primarily focused in personal injury-related services and occupational medicine for local companies. Services include general family medical services, X-ray, MRI, physical therapy, chiropractic, pain management, orthopedic and neurological surgical services and lab services. The Company has a full management infrastructure including documented processes and procedures. There is a team in place for business development. The Company does not require a lot of senior management. The owners, who are not critical to running the business, plan to retire. Please refer to CBB Listing #8029PT

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Property Features and Assets:

Various locations

Market Competition and Expansion:

Add locations, expand operating hours, expand services.

Reason for Selling:

Retirement

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.

Documents:

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