Medical Practice Details:
We are selling a family medical practice in the desireable city of Huntingtion Beach, an ocean-side community located in Orange County California. This is a solo MD provider practice which has been in the community for over 40 years, providing excellent quality of care. Treatment includes the basic scope of outpatient primary care for young adults through seniors: office exams, physical exams, urinalysis, lab workups, and minor procedures. Insurance payor mix consists of PPO, Medicare, and an excellent IPA capitation contract. There is an opportunity to grow this practice, as the Seller has scaled back to 4 part-time days per week, all outpatient, seeing 15 – 20 patients daily. Annual collections are ~$300,000.
The office is located in a professional condo. Ample patient parking is available. All business assets are included in the sale: Business Name, Goodwill, Telephone and Fax, Office Furniture, Medical Equipment, Trained Staff, etc. The selling doctors is able to provide transition assistance to the new buyer to ensure proper credentialing and transfer of IPA patients.
For a doctor who is considering starting a new practice from scratch, this practice provides an excellent value opportunity: Acquiring business goodwill, instant cashflow, and credentialing/plan-contracting assistance for a fraction of the cost of a start-up. This practice is also a good option for an nearby private practice or medical group to grow by acquisition.
The practice located in Huntington Beach, California. Huntington Beach is a coastal community in Orange County known for its surfing, beach culture, and mild climate. It is mostly suburban city with ample parks, recreation, and good schools.
Medical Practice Broker Information:
Transition Consultants is a medical business brokerage located in Los Alamitos California. We assist private practice doctors in all specailtites to sell a medical practice, buy a medical practice, appraise, and obtain practice financing.