Established Medical Practice with Orthopedic Spine

LOS ANGELES, California

Asking Price	$775,000	Year Established
Annual Revenue	$2,705,738	Reason for Selling	Retirement
Annual P/L	$330,496	Attention	Ryan Clark
Annual Cash Flow	$574,200	Listing Number	1004792
# of Employees	6	Business Category	Services: Medical, Dental

Business Overview:

This orthopedic spine surgery practice is led by a veteran surgeon with over 50 years of experience treating a wide range of spinal conditions, from degenerative disc disease to scoliosis and spinal stenosis. The clinic, which is staffed with 2 orthopedic spine surgeons and one neurosurgeon, boasts 4 exam rooms in its spacious office. The practice recently went through its latest round of credentialing with its Independent Practice Associations (IPAs) to secure their Medicare status for a time. The practice works with HMOs and a large group of vascular surgeons. The current payer mix is 70% HMO, 20% Medicare, 5% PPO, 5% Worker’s Compensation.

Property Features and Assets:

<p>This 4.4k square foot office leases for $15k per month including CAM. All of the practice’s furniture, fixtures, equipment, and goodwill will be included in the sale.</p><p> </p>

Market Competition and Expansion:

<p>This practice benefits from the physician’s 50+ years of experience, its patient diversity and pay mix, its alignment with multiple IPAs that provide a steady stream of spine care referrals of managed care patients, and finally its extraordinarily high bill rates, which the biller can help to ensure will remain with the buyer.</p><p> </p><p>New operators will likely choose to perform surgeries themselves to enhance their margins and further improve their net income, expand the practice, and enhance customer service to ensure the highest quality patient experience. </p><p> </p>

Additional Details: