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Our firm is pleased to introduce a Cardio and Thoracic Medical Practice for sale in the West. The dedicated doctors and nurse practitioners see patients in their main offices and also in their satellite offices. as well as via telemedicine. The practice has approximately 1100 active patients with an average of 30 visits per day in 2020.
Medicare comprises 74% of the company’s revenue, while 24.4% is from commercial insurance, and 1.6% if from Medicaid.
Gross revenues have grown over the past few years, going from $5,708,878 in 2018, to $5,448,025 in 2019, to $3,297,308 in 2020. This business saw a decline in 2020, due to Covid. However, the practice actually saw significant growth in 2021 and continues to see growth. Based on results through September, they are on track to reach nearly $7 million by the end of 2021.
Adjusted EBITDA was around $400,000 in 2020 and is expected to be around $750.000 in 2021.
The staff is expected to stay on and continue to treat patients including the physician owner and his 4 Equity owner Physician partners.
This successful group private practice is in search of an equity buyer to help them continue to succeed and grow the business.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.