Listing Number: 76931-381417
Description
This well-established OB-GYN practice has been in business in Houston since 1997. The current physician owner started the practice and has grown it into a thriving, in-demand office with a waiting-list of consistently 15-20 patients, and an active patient list of 5000+ patients. The physician owner currently practices more than full time and would like to stay on and continue to practice. The current leased suite has space for additional MD/DO/APP practitioners, and the current patient volume and patient demand justifies additional owners/practitioners, providing fantastic room for expansion. It is located adjacent to a major, renowned hospital in the Houston area. Practice participates in Medicare/Medicaid and has contracts with all major insurance carriers.
Currently, the practice is operating with one physician, one Nurse Practitioner, and twelve other staff members, including bilingual personnel. The practice sees approximately 40-60 patients per day. Of the services provided, approximately Sixty Percent (60%) are Obstetrics based and Forty Percent (40%) are Gynecological services. The practice also offers lab services and urodynamics services.
There is significant room for growth on the gynecology side of the business, with an aging population and population needing other wellness and surgical-focused care. The current physician owner is credentialed at two local hospitals; a new physician can arrange for this same credentialing or expanded credentialing so as to not disrupt current referrals. As noted above, the seller/physician prefers to stay on at the practice, with reduced hours.
Listing Details
- Price: $1,200,000
- Down Payment: $1,200,000
- Sellers Discretionary Earnings: $663,484
- Total Sales: $1,442,759
- Location: Harris County, Texas
- Inventory: $0
- FF&E: $200,000
- Employees: 13
- Year Established: 1997
- Reason for Selling: Physician Owner would stay on as employee
- Category: Medical Related Biz
