Annual Revenue: $879,230
Net Cash Flow: $654,000
Industry: Health Care
Location: Cuyahoga County, Ohio
Well-established medical practice specializing in drug/opioid recovery (80% of revenue). – The other 20% of revenue is from their pediatric services (the practice’s former focus).
For their drug rehab patients, they provide an evidenced-based treatment with Suboxone along with medical support to stabilize their addiction and facilitate recovery.
The practice staff includes 1 doctor (the seller) and 2 administrative/billing assistants. – Roughly 2,500 patients total.
This turnkey practice has become very popular for opioid-related treatments and addiction recoveries in the area; however, the owner is ready to retire.
This 40+-year-old practice accepts almost all insurances. – 80% of revenue is from Ohio Medicaid HMO, 15% from commercial insurance, and 5% from cash payments.
This practice can be easily expanded by implementing social media advertising and a website.
Reason For Sale:
The owner has had the practice for over 40 years and would like to retire.
Training & Support:
The seller is willing to stay on for an agreed amount of time to ensure a smooth transition.
Square Footage: 1500
1,500 square foot office leased in a well-known medical building.
There is a large potential for growth if the new owner advertises and adds a website.