Aug 14, 2019 — FLMD1A - $5.4 Million Ophthalmic practice in the Tampa Bay, Florida Area with 3 Locations
Outpatient ophthalmic practice for sale in the affluent Tampa Bay Area in Florida. The Company has been in business for fifteen years and has an outstanding reputation for quality ophthalmic care. They have 3 locations. Their services include treatment and early detection of Diabetic Retinopathy, Macular Degeneration, Cataracts, Glaucoma and Dry eyes in elderly and diabetic patients.
The bulk of the company’s revenue comes from Medicare and Medicare Advantage patients. Gross Revenues have steadily grown over the past few years, going from over $5 million in 2016 to $5.4 million in 2017, to more than $5.5 million in 2018 with Adjusted Earnings in excess of $3 million. There is a steady base of referrals that a new owner could build upon.
The sellers are available to stay on board for a transitional period, and the staff is expected to stay on under new ownership.
The asking price for this $13 million.