Semi Absentee Physical Therapy Clinic

Business Overview:

This turn-key semi-absentee operated San Diego area physical therapy clinic, which boasts favorable rent, low fixed operating costs and attractive negotiated staffing salaries, has operated from the same location 23 years – resulting in excellent brand recognition. The clinic is contracted with all major insurance providers including Medicare, Medi-Cal, Tricare and Healthnet and benefits from the loyal consistent referral partners that they have had in place for over 20 years. The operation outsources billing for 8% of the collected reimbursements, with a 100% claim reimbursement rate. The majority of the operation’s reimbursements come from Medicare (70%) and Medi-Cal (30%), and PPO’s with limited amounts from Workmen’s Compensation Insurance.

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Property Features and Assets:

This fully renovated clinic operates out of a 1,660 square foot facility that leases for approximately $2,750 per month. It recently underwent a complete remodel with new floors, paint and upgraded restrooms, IT equipment, smart infrastructure (security cameras, online management system and Physical & Operational Therapist charting, online time clock and automated appointment reminder system) and an interactive website with appointment scheduling capability. All of the business’s furniture, fixtures, equipment and permitting will be included in the sale, including its transport van and National Provider Identifier number (NPI).

Market Competition and Expansion:

Competition exists however this clinic has been a community staple for years. With it being an incumbent physical therapy clinic in the area coupled with its reputation for exceptional service, the great referral source network it’s developed and its solid patient flow, this business has a competitive advantage.

Reason for Selling:

Personal

Additional Details:

Documents:

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