Aug 17, 2019 — FLPT1G - $460,000 Outpatient Comprehensive Physical Therapy Practice in North Central Florida
14- year-old, comprehensive physical therapy practice with substantial upside potential. The company provides a variety of services, including Physical Therapy, Geriatric Therapy, Chiropractic Therapy, Acupuncture Therapy, Holistic Health Care, and Integrated Family Medicine for outpatient care. Their service area includes Alachua County and the surrounding communities.
The company’s payer mix is 40% Medicare, 30% private insurance, 15% Worker’s Compensation, and 10% Cash. Gross revenues were $463,423 in 2016 and $458,213 in 2017 with an adjusted EBITDA of $86,891. The clinic currently sees between 130 and 160 patients per week with an average reimbursement of $65 per visit. The seller feels that immediate growth could be realized with the addition of a full time Physical Therapist, as they presently have a waiting list for new patients.
The staff is expected to stay on, but the seller would like to retire.
The asking price for this opportunity is $320,000.