Profitable Family Medical Practice – Strong Cash Flow

Description

Established primary care practice for sale in Kansas.

The practice has served its local market for more than 20 years and provides family medicine services to patients across multiple age groups.

Annual revenue most recently reached approximately $2.5 million. The seller also reports strong discretionary earnings.

Services

• Primary and family medicine
• Acute care
• Chronic disease management
• Preventative care
• In-house laboratory testing
• Diagnostic imaging

The practice also maintains relationships with nursing facilities, assisted living communities and memory care providers in the surrounding area.

Staff and facility

The business has approximately 15 employees, including four full-time advanced practice providers.

The medical facility is approximately 5,000 sq. ft. and includes examination rooms, provider offices, procedure space, diagnostic areas and patient parking.

The practice operates as an S Corporation and has existing clinical, administrative and reimbursement systems in place.

The seller reports that performance-based reimbursement programs have contributed to recent revenue growth.

Potential areas for expansion include adding providers, increasing available services and improving utilization of the existing facility.

The seller states that ownership of a Kansas family medical practice is subject to physician ownership requirements involving a licensed MD or DO. Non-physician buyers may need an alternative structure involving a physician-owned professional entity and separate management company. Buyers should obtain independent legal and regulatory advice regarding the appropriate ownership structure.

Any transfer of ownership, patient records, payer agreements, licenses, provider credentials and clinical operations is subject to applicable Kansas and federal healthcare requirements.