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Sep 28, 2017This Houston-based Company has been in business over 20 years. The owners are not medical doctors but they wanted to use their strong business acumen to grow medical practices. Since non-medical doctors cannot own a medical clinic, they established what is known as a Physician Practice Management company (PPM), which would allow them to run the business side of a medical clinic without getting involved in medical decisions. They secured a client relationship with a medical doctor and agreed to handle essentially all strategic, operational and marketing matters and to provide capital as needed. The management company and medical clinics function as a cohesive business with several medical clinics that are primarily focused in personal injury-related services and occupational medicine for local companies. Services include general family medical services, X-ray, MRI, physical therapy, chiropractic, pain management, orthopedic and neurological surgical services and lab services. The Company has a full management infrastructure including documented processes and procedures. There is a team in place for business development. The Company does not require a lot of senior management. The owners, who are not critical to running the business, plan to retire. Please refer to Listing #8029PT

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