State:
New York
Category:
Primary Care, Pain Management, & Specialty Group Medical Practices
Asking Price:
$500,000
Revenue:
$630,000
Company Overview
PRIME exits and American Healthcare Capital are pleased to introduce a Family Medicine Practice located in New York City. The company was founded in 1999 by its physician owner. This well-established practice provides services to approximately 1,200 patients.
Financial Overview
The practice participates with most local insurance plans. They generate 68% of their revenue via fee-for-service plans and 32% from capitated insurance contracts. Last year, the company’s revenue was $629,763 with an adjusted EBITDA of $219,641.
The physician owner intends to remain with the practice with the goal of creating a succession plan for over the next year. The practice has a full complement of support staff that are expected to stay on.
Asking Price
The asking price for this opportunity is $500,000, which does not include cash, receivables, or working capital.
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