Primary and Urgent Care Medical Practice
Off-MarketCorona, CA
Primary Care And Urgent Care Medical Practice
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$700,000
$70,000
10.0%
2014
30+ Days
Customers
Primary care and urgent care patients, approximately 75% through managed care contracts and capitation arrangements with HMOs, including Humana, Scan, and United Health.
Customer Acquisition
Referrals, word of mouth, direct assignments from insurance companies, and managed care enterprise placements.
Team
One nurse practitioner who works one day per week, one registered nurse, and one medical assistant. All W-2 employees; no contractors. The full team is willing to stay after the sale. The owner is willing to remain for a transition period ranging from three months to two years.
Owner's Role
Primary practitioner seeing patients approximately 40 to 45 hours per week.
Reason for Selling
Retirement
Contracts
Yes, the managed care contracts with multiple HMOs and IPAs represent approximately 75% of revenue.
Real Estate
No ownership of real estate. Currently, there is a month-to-month lease. The seller guarantees that a four-year lease can be secured for the buyer as a condition of sale.
When Are You Looking to Sell
Within the next 12 months
Licenses Required
Buyer does not need to be a licensed physician but must hire a licensed practitioner to operate the practice.
Additional Notes
The previous broker listed the practice at a $650,000 asking price. The seller has reduced the asking price to $450,000 to facilitate the sale. Basic equipment is included, such as an EKG machine, blood pressure equipment, and exam tables.
Business ID: 1721
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