Internal Medicine Practice with a Senior Patient Base – Lubbock, TX

Lubbock, TX

Seller Financing Available

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Asking Price:$195,000
Real Estate:$315,000
Gross Revenue:$196,460
Established Year:1997
BUSINESS DESCRIPTION

Enter the Lubbock Primary Care Market with this Respected IM Practice + Real Est

Located conveniently in Lubbock’s medical district, one of the few remaining independent primary care facilities, this practice provides comprehensive internal medicine services to patients within a 300-mile catchment area. They proudly serve over 250 Medicare Advantage and straight Medicare active patients. The payor mix is 58% Medicare and 42% commercial insurance.

The practice specializes in internal medicine evaluation and management, focusing on preventing, diagnosing, and treating various medical conditions affecting adults. Additionally, the practice provides specialized expertise in sleep medicine consultation, offering thorough evaluation and management of sleep-related disorders. Diagnostic procedures include phlebotomy, EKG services, spirometry, cerumen extraction, pap smears, and immunizations are also available, ensuring comprehensive preventive care and health maintenance for patients of all ages. The practice offers point-of-care testing for nasal and throat swabs, facilitating rapid diagnosis and management of respiratory infections and other infectious diseases.

The practice has built a strong reputation in the community for our unwavering commitment to personal attention, quality of care, and the helpfulness of our tenured staff. They strive to make every patient feel valued and cared for.

In Association with ParaSell, Inc. | A Licensed Texas Broker #9009637
ParaSell, Inc. – Scott Reid


DETAILED INFORMATION
Location
Lubbock, TX
Inventory
Not Included in asking price
Real Estate
Owned
Building SF
1,972
Employees
1
Facilities
A 1,972 SF single-level medical office. Facilities include 1 waiting room with 12 chairs, a business office, a computer server room, 3 exam rooms, 1 doctor’s office, 1 nurse station, 1 staff lounge, 1 storage room with laundry, 1 patient restroom, and 1 staff restroom. The building has 10 dedicated parking spaces. Real Estate available for sale or lease - $315,000 or $95,450 ($28/SF NNN).
Growth & Expansion
Implementing a marketing plan and adding a practice website with a patient portal. Realigning with another ACO. Offering telemedicine to extend the practice's reach beyond geographic boundaries. Offering specialized services, such as chronic disease management, remote patient monitoring or women's health, can cater to specific healthcare needs within the community and differentiate the practice from competitors.
Financing
$30,000 to a qualified physician buyer secured by the assets of the practice
Support & Training
Up to six months, compensation, and schedule by mutual agreement.
Reason for Selling
Owner preparing for retirement
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Shaun
Rudgear
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Shaun Rudgear