Business For Sale

Retiring Pediatrician's Practice For Sale Houston

Houston, TX
Harris County


Asking Price: Annual Revenue:
$700,000 $932,058

Services: Medical, Dental


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RE: Retiring Pediatrician's Practice For Sale Houston Broker: Peggy Tate

Quick Facts

Asking Price: $700,000
Annual Revenue: $932,058
Net Profit: Not Disclosed
Cash Flow: $462,687
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: 1990
Employees: 7
BBN Listing #: 560813260
Broker Reference #: 8070PT

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Business Overview:

This very established pediatrician’s practice has been in business since 1990. It is located adjacent to a major, renowned hospital in the Houston area. The practice participates in some of the hospital system’s managed care contracts, of which there are about 30. A new doctor could participate in more of these contracts so there is good room for expansion. The practice has one doctor and 7 staff people, all of whom are bilingual. Over the last 4 years, the practice has about 5,000 active patients. About 45- to 50% of the patients (or their parents) speak Spanish. Of its revenues, 50% come from insurance billing and the other 50% from Medicaid. The practice sees 38 patients per day on average. Only about 3 visits a day are cash patients. The practice stopped accepting new Medicaid patients a few years ago, which has caused revenues to decline; however, a new doctor can easily resume accepting them. (When it was accepting Medicaid, it was seeing 50 patients per day on average.) The practice regularly receives referrals from Obstetricians at the nearby hospital. The practice is not actively getting newborn patients because the owner is not on the pediatric on-call schedule, which can be easily arranged for a new doctor. The practice does some lab work on site. The seller/physician participates in a group of 3 pediatricians who cover for each other when on vacation or are not otherwise available. The seller/physician is willing to assist the buyer for 3 to 6 months as needed. The spouse of the physician, who is responsible for office management and billing, will fully assist in the transition as well. The practice utilizes Medisoft software. Insurance claims are submitted electronically. While applying for the hospital’s managed care program, the new owner can work under the seller’s license. Please refer to CBB Listing #8070PT

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Property Features and Assets:

1,764 square feet facility in office building.

Market Competition and Expansion:

Social media marketing, start accepting new Medicaid patients again, work more Saturdays.

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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