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Mar 26, 2018This unique, forward-thinking medical practice focuses exclusively on mobile wound care services, primarily decubitus ulcers and diabetic ulcers. Patient care is provided by three MDs, of which one is the sole owner. No patients are seen in the office; home and group home visits in Oakland, Wayne and Macomb counties accommodate the needs of the approximately 450, primarily elderly patients regularly seen by the physicians. The level of patients has remained steady in recent years. The practice’s ability to grow is currently limited by its physicians’ capacity to accept new patients.
This well-established practice provides an excellent opportunity for an energetic, hands-on physician who enjoys treating patients and growing the practice. Based on the business's cash flow and with certain buyer-specific stipulations, a lender has pre-qualified the practice for purchase by a qualified buyer under the following terms: 60% financed, 10-year term at prime rate + 2.75%, adjusted quarterly. If funded today, the rate would be 7.25%. The lender will also allow a 20% seller note on two-year standby, which the owner will consider for the qualified buyer. Under this scenario, the buyer would only need to contribute a 20% down payment.

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