Reputable Internal Medicine Practice for Sale in Grapevine, Texas!

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Internal Medicine Doctor wanting to sell practice to a board-eligible or board-certified internal medicine doctor. Established in 1982, this very reputable and long-standing internal medicine practice has a total active patient count of 3,232 and averages 26 new patients per month. With a payment breakdown of 61% PPO, 33% Medicare, and 4% fee for service, this practice grosses well over $1 million annually.

This fantastic practice is located in a very spacious 6,500 square feet stand-alone building that the selling doctor shares with three other board-certified Internal Medicine Specialists. There are three exam rooms plus one additional procedure room assigned to each doctor individually and the equipment is in like-new condition.

This physician-owned and controlled practice is primed and move-in ready for an energetic doctor to purchase and grow an already established patient base in an affluent area to an even higher level. Inquire now to learn more!

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PRACTICE HISTORY

Year Practice Was Established in Current Area: 1982
Year Practice Was Established in Current Location: 1982
Seller Purchased Practice: No
Average Number of Days Doctors Work per Week: 4

PATIENT BASE

Approximate total active patients: 3232 (past 18 months)
Average number of new patients per month: 26
Approximate percentage of practice income breakdown:
FFS and Cash: 4%
PPO: 61%
Medicare: 32.61%
Other: 1%

LEASE INFORMATION

COLLECTIONS

Gross Annual Collections for 2017: $1,295,106

FACILITY

Total Number of Exam Rooms: 3
Facility Space (sq ft): 6,500
Facility Expandable: No
Facility is Owned by Seller: Yes
Total Procedure Rooms: 1

EQUIPMENTS

Average Age of Equipment: 5
Practice Software: Glenwood Systems
Level of Computerization: Front Desk Only
EMR System? Yes
EHR System? No