Green Sail is happy to announce another outstanding practice purchase opportunity!
Where?
WILLAMETTE VALLEY
What?
PEDIATRIC PRACTICE
How Much?
$648,291 PLUS A/R
About the Practice:
This large, highly visible pediatric office is primely located on a major thoroughfare in a thriving Willamette Valley town. It has been in business for 45 years and in its current location for 20 years. The 9 operatory clinic collected an average of $789,880 in the last 3 years (includes extrapolations for Covid closures). The clinic currently operates on 4.5 doctor days per week, including a half day of hospital work. Prior to the Covid closure the practice consistently collected approximately $900,000 per year. The closure impacted the hospital work significantly in 2020 and early 2021, and is now rebounding. The practice utilizes Daisy practice software, paper charts and traditional film x-rays, and has a pano with ceph. The clinic currently does limited marketing and refers out endo, perio, permanent extractions, and ortho.
About the Facility:
The clinic consists of approximately 4,303 square feet. It is housed in a nearly 6,000 square foot building, which is available for purchase through AJ at Premier Property Group (contact information below). The additional downstairs space may be utilized as office space for another tenant. In addition to the 9 operatories, the office also includes a large patient waiting room with a play area, a reception desk and front office, a private doctor’s office, business office, staff lounge, dark room, plentiful storage, 3 restrooms, and a private parking lot with 19 spaces.
About the Numbers:
There are approximately 4,139 active patients with an average of 15.5 new patients per month. There is roughly 70% PPO (ODS, OHP – billed @ 90% of the Delta fees) and 30% FFS. The practice’s average collections for the last 3 years is $789,880. The buyer’s projected net income after debt servicing is $202,081 at the current production and expense levels.
*Green Sail is not a real estate brokerage and does not conduct real estate transactions.
Practice Details:
- 9 operatories
- Stand-alone building (5,945 sf)
- 4,303 square feet of clinic space
- Large patient waiting room with a play area
- Reception desk/front office
- Private doctor’s office
- Business office
- Staff lounge
- Dark room
- Daisy practice software
- Paper charts and film x-rays
- Film pano with ceph
- Limited marketing
- Refers out endo, perio, perm extractions, and ortho
- 3 year average collections $789,880
- 4.5 doctor days per week, including hospital work
- Approximately 4,139 active patients
- Average of 15.5 new patients/month
- Buyer’s projected net income $202,081
Please contact us if you, or anyone you know, would like to discuss this opportunity or schedule a time to see the facility and all it has to offer.
