Annual Revenue: $6,209,474
Net Cash Flow: $1,181,310
Industry: Health Care
Location: Springfield Area, Missouri
The company is a pain management and addiction treatment center that offers multi-disciplinary solutions to chronic and acute pain and opioid dependency. The company’s mission is to treat patient pain at the source and alleviate symptoms ranging from hip & knee pain to neuropathy and fibromyalgia pain.
To achieve its mission, it provides a comprehensive, individualized treatment plan for every patient. Treatments include spinal cord stimulation, nerve blocks, epidural steroid injections, stem cell therapy, and platelet-rich plasma (PRP) therapy. The practice also specializes in addiction treatment, using both behavioral therapy and medication-assisted therapy.
Reason For Sale:
The owner currently treats patients and manages the business and is overburdened.
Training & Support:
The full administrative staff, mid-level practitioners, and physicians will come forward to new ownership if desired. Additionally, the current owner is willing to provide transition services to new ownership as necessary and would like to stay on as a physician after the merger.
Monthly Rent: 422,172
Square Footage: 19984
In 2017, the company built its own toxicology lab, allowing its physicians to quickly and economically return results. This has helped streamline the patient lifecycle and substantially reduce the cost of otherwise paying a specialized laboratory. The practice also interprets toxicology results for other physician practices, creating an additional source of revenue. The company developed its own proprietary medical software template that directly integrates with Advanced MD. The template is completely standardized and implemented across all offices, and this has allowed for significantly reduced medical-legal and billing & collection risks. The pain management sub-sector of healthcare lacks strong documentation / EMR solutions, and this template gives the practice a strong edge over its peers. The company built a procedure suite in 2018 at one of its centralized practices. Having a procedure suite on-site reduces surgical costs and improves provider efficiency since the physicians will not need to travel to an OR.
The company recently opened its 5th clinic out west in a new market. The clinic has yet to ramp up due to the effects of COVID.