Exceptional Family Medical Practice

SHARE LISTING

Exceptional opportunity to purchase a high yielding medical practice in Corpus Christi, TX that serves to patients all over S. Texas. Established in 1984, this growing business has an active patient count of approximately 1,000 and averages an additional 8 new patients a month of all ages. The patient base is 55% PPO, 5% fee for service, and 40% Medicare and Medicare replacements with 2016 gross collections of $787,994.00
The business is well located in a highly visible, easily accessible 2,700 sqft free standing building. It contains 3 exam rooms, 3 procedure rooms, x-ray / lab facilities and perhaps useful as a minor emergency or surgical clinic. It is an ideal opportunity for a motivated physician to purchase a highly profitable practice with the potential for higher returns. In addition, the practice employs a loyal and highly trained staff.


PRACTICE HISTORY

Year Practice Was Established in Current Area: 1984
Year Practice Was Established in Current Location: 2011
Seller Purchased Practice: Yes
Year Seller Purchased Practice: 2011
Has There Been Partner in the Practice the Past Three Years: No
Has There Been an Associate in the Practice the Past Three Years: No
Average Number of Days Doctors Work per Week: 5

PATIENT BASE

Approximate total active patients: 920 (past 18 months)
Average number of new patients per month: 8
Approximate percentage of practice income breakdown:
FFS and Cash: 5%
PPO: 55%

LEASE INFORMATION

COLLECTIONS

Gross Annual Collections for 2016: $787,961
Gross Annual Collections for 2015: $764,504
Gross Annual Collections for 2014: $795,274

FACILITY

Total Number of Exam Rooms: 3
Facility Space (sq ft): 2,700
Facility Expandable: No
Facility is Owned by Seller: Yes
Facility is Available for Purchase: Yes
Total Procedure Rooms: 4

EQUIPMENTS

Practice Software: MOMS
EMR System? Yes
EHR System? No