Business Overview:
This profitable pediatric practice provides a range of speech therapy services and occupational therapy services including evaluations and treatment. Services include:
? Clinical and educational speech and language evaluations and therapy
? Educational occupational evaluations and treatment for fine motor or sensory needs
The practice provides services to public and private entities. Revenue sources are derived from: Health Insurance Companies (74%), California Charter Schools (35%), and private pay patients (10%). The focus is on pediatrics - infants, toddlers and children through age 21. California signed into law SB 946 on July 1, 2012. This law paved the way for individuals, including children, with Autism and other developmental disorders to receive coverage from private insurance companies. The Practice is able to bill a large number of medical insurance companies with the main ones being IEHP, Kaiser and TriCare. Due to the Company?s caring environment, they have a very high retention rate. The Practice has an excellent reputation among special needs families and school districts in the area and they receive many word of mouth referrals. The clinic currently has an overabundance of referrals and referral sources. The clinic currently has a 7 to 8 month waiting list and they are expanding their ability to help children as they are able to hire additional staff.
Upside potential includes pursuing HMO health insurance contracts, raising pricing to competitive levels of $90/session, and advertising to the special needs communities and local pediatricians. Additional potential would exist to expand the current offering to other allied health therapies to become a multidisciplinary practice. The therapist/owner plans to move out of the area so has priced the practice to sell. Solid books and records.
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:
Moving out of the area
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Relevant Links: