25 year old physical therapy practice owners ready to retire. Partners since they completed their residency are ready to turn over the reigns of this established, profitable 4 clinic operation. Neither partner works with patients. One of the partners has not been able t work in the last two years.
Billings and collections have been off in the healthcare industry as a whole and are coming back strong with Obamacare. Recent changes now allow PT patients who belong to HMOs or PPOs to self-refer to the PT of their choice. 2014 volume is up 14% over 2013 YTD revenues and 2 new PTs have been hired to handle the workload.
Marketing, billing and collections are done by a third party vendor so admin costs are low.
Revenues were $1.821 million in 2013, $1.85 million in 2012, and $1,802 in 2011 with Sellers Discretionary Earnings of $230,700, $196,242, and $300, 587 respectively based on the partnership returns.
Most of the PTs in the company have doctorate degrees. Clinics are clean, friendly, well staffed.
The business is being sold as a group, not as individual clinics.
Asking price is $1.5 million. SBA guaranteed financing of up to 80% of purchase price available to qualified individuals.
For more information about this business please contact Rick Eggleton BRE 01278255 by calling 800-222-0676. For a NDA/Buyer Profile contact us.