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Feb 25, 2019 — An Outpatient Physical Therapy practice for sale with multiple locations in Southern California.
This well-established practice focuses on serving adult clients and specializes in Orthopedic Rehabilitation. They have a separate Medicare Part A license associated with each strategic location, which allows them to provide physical, speech, and occupational therapy.
The company has a diverse payer mix consisting of Medicare, various private insurances, worker’s comp, and more. Gross revenues were nearly $4.7 million in 2018 with a Net Operating Income of over $1.3 million, and they are anticipating reaching $5 million in 2019 with a similar NOI. There is ample opportunity for growth, including the ability to serve clients outside of the clinic setting under their Medicare Part A licenses. Additionally, the company holds lucrative contracts with several of the top hospital systems in Southern California which have not been capitalized on due to the seller’s desire to retire.
There is a full complement of staff at each location that is expected to remain post sale. The seller is willing to assist during a transitional period. The asking price for this opportunity is $5 million.