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PRACTICE HISTORY

Year Practice Was Established in Current Area: 1988
Year Practice Was Established in Current Location: 2006
Seller Purchased Practice: No
Has There Been Partner in the Practice the Past Three Years: No
Has There Been an Associate in the Practice the Past Three Years: Yes
Average Number of Days Doctors Work per Week: 5

PATIENT BASE

Approximate total active patients: 6000 (past 18 months)
Average number of new patients per month: 15
Approximate percentage of practice income breakdown:
FFS and Cash: 5%
PPO: 80%
HMO and Capitation: 15%

LEASE INFORMATION

COLLECTIONS

Gross Annual Collections for 2020: $908,535
Gross Annual Collections for 2019: $1,132,275
Gross Annual Collections for 2018: $112,913

FACILITY

Total Number of Exam Rooms: 4
Facility Space (sq ft): 2,000
Facility Expandable: No
Practice Shares Space with Another Practice: No
Facility is Owned by Seller: Yes
Facility is Available for Purchase: Yes
Estimated Property Value: $480,000
Total Procedure Rooms: 1

EQUIPMENTS

Average Age of Equipment: 10
Practice Software: MediSoft
Level of Computerization: Front Desk Only
EMR System? No
EHR System? No