Florida Internal Medicine Practice

Description

This established Internal Medicine practice on Florida’s East Coast has served the local community for more than 35 years. Located within a rapidly growing Treasure Coast market with strong Medicare demographics and a documented shortage of primary care physicians, the practice represents a turnkey ownership opportunity for an individual physician transitioning from employment into private practice ownership or for an existing medical group seeking strategic expansion within one of Florida’s most favorable healthcare markets.The practice operates from an approximately 3,000-square-foot facility featuring eight exam rooms, including a dedicated procedure room, an in-house lead-walled digital X-ray suite, monthly ultrasound services, and minor surgical capabilities. The office functions as a comprehensive primary care facility offering integrated services that have become increasingly uncommon as smaller independent practices consolidate into larger hospital systems. Operations run Monday through Friday from 7:30 a.m. to 5:30 p.m. with a walk-in patient workflow supported by rotating staff coverage during lunch hours. The practice utilizes eClinicalWorks EMR across 22 workstations.In 2024, the practice generated approximately $1.25M in gross revenue and approximately $388K in Seller’s Discretionary Earnings (SDE) while operating with three providers and completing more than 10,000 patient visits. Between 2022 and 2024, the business averaged approximately $1.22M in annual revenue and approximately $430K in annual SDE with margins of approximately 35%, reflecting a stable and mature primary care operation.In mid-2025, two associate providers departed and the founding physician continued operations independently. Financial performance for 2025 reflects the transition to a single-provider structure, with approximately $1.02M in revenue and approximately $265K in SDE. Patient demand remained stable, with approximately 2,400 unique patients treated during 2025 and 323 new patients added organically without paid marketing efforts.