Listing Number: 76931-263318
Description
Purchasers must be licensed MD or MO in Texas, or a medical-related businesses structured as professional associations (PAs), professional corporations (PCs), or limited liability companies (PLLCs), provided they are owned entirely by licensed physicians, or certain healthcare organizations, such as hospitals, which comply with specific regulations. This is a great opportunity to acquire 2 thriving cardiology practices serving the Houston and The Woodlands area for over 17 years, with a stellar reputation for patient care. Their success is built on a loyal patient base of over 5,000 individuals and a strong financial track record with consistent profitability year after year. Broad patient access is ensured through participation with Medicare/Medicaid and all major insurance carriers. Additionally, their accreditation in Nuclear Cardiology further enhances their service offerings.
This turnkey operation offers a comprehensive range of services, including cardiovascular procedures to treat coronary artery disease and peripheral vascular disease without surgery, comprehensive cardiovascular care, testing and interventions like cardiac catheterization, stent placement, and pacemaker/defibrillator placement and management among others.
This well-equipped practices boasts highly desirable location with excellent visibility and easy access, ensuring a convenient experience for patients throughout the Houston metropolitan area.
With an average revenue of $2,295,607 and Seller's Discretionary Earnings (SDE) of $1,071,783, the businesses reported $2,118,440 in revenue and $953,907 in SDE for 2023. Furthermore, one of the practices is sitting on a 6,500 square foot facility and offers immense potential for revenue expansion by accommodating additional doctors and equipment to serve a growing patient base.
A seamless transition awaits the new owner thanks to this perfect combination: A well-trained and loyal staff, including an MD. A low employee turnover rate which provides a strong foundation for continued success. The outgoing owner, looking toward retirement, will also provide a full year of support, easing the learning curve. Additionally, potential financing options for qualified buyers offer further flexibility. This established practices with great reputation, loyal patients, great profitability, ample services, prime location, dedicated staff and a perfect transition scenario, presents an exceptional opportunity for cash investors seeking successful and growing medical businesses. Don't miss out on this chance to build upon a legacy of high-quality care. For more information on this established cardiology practices and their exciting potential, please contact Lis Robert today!
Listing Details
- Price: $1,200,000
- Down Payment: $840,000
- Sellers Discretionary Earnings: $953,907
- Total Sales: $2,118,440
- Location: Montgomery County, Texas
- Inventory: $0
- FF&E: $35,000
- Employees: 6
- Year Established: 2007
- Reason for Selling: Retirement
- Category: Medical Related Biz
