SUCCESSFUL for 50+ years!
Austin, TX 78758
Posted March 12, 2018
Tom B. Bednorz
Galleria area practice that has been run by the same doctor for over 50 years. The
doctor is looking to retire but his hygenist and front desk who have been in the
practice for over 30 years will stay after the transition. The practice has paper
charts, film x rays, and dated technology. The practice is 85% insurance driven
and 15% cash driven and collected $600,000 each of the past 2 years and is taking
home approximately $200K. Hygiene is over 40% of collections. Due to paper charts
the vast majority of information we have for underwriting is via insurance billing
information and PandL/tax returns.
The opportunity here is to get a practice with a large, loyal, wealthy, active
patient base with a significant amount of undiagnosed treatment. The challenge on
this practice is that you will most likely want to reinvest in technology, and will
not have practice management software reports to use to underwrite the deal.
2014 - $665K
2015 - $660K
2016 - $605K
2017 YTD thru June $310K
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