Premier Gastroenterology Practice for Sale - Central Massachusetts
| Asking Price: | $1,950,000 |
| Gross Revenue: | $2,737,974 |
| Established Year: | 1994 |
| Cash Flow: | $979,853 |
| Rent: | $4,000/Month |
Great Growth Potential - No Competition within 50-mile Radius
This well-established gastroenterology practice, founded in 1994, is the sole full-time provider serving central Massachusetts. The practice specializes in comprehensive care for gastrointestinal (GI) diseases, including reflux, dysphagia, GI bleeding, liver and pancreatic disorders, diverticulosis, irritable bowel syndrome, and inflammatory bowel disease (IBD). It has a long-standing reputation as a medical home for IBD patients and offers a robust colorectal cancer screening clinic.
In addition to an on-site infusion clinic, the practice provides breath testing and video capsule services. Endoscopic procedures are conducted at both the local hospital and an ambulatory care facility. Since its inception, the practice has treated over 35,000 new patients. In the past 12 months alone, the team has performed 1,745 endoscopic procedures, conducted 160 in-office infusions, and managed 3,964 patient visits, with 40% of those visits from new patients.
The payor mix for non-infusion services is predominantly Blue Cross/Blue Shield (65%), followed by Aetna (11%), Medicare (9%), Harvard Pilgrim (8%), and other payors (7%). For infusion services, the payor mix includes Blue Cross/Blue Shield (33%), Harvard Pilgrim (20%), United Healthcare (13%), Cigna (7%), and Medicare (27%).
The practice benefits from a stable referral base and utilizes a robust recall system for follow-up surveillance endoscopies. It attracts patients from communities within a 50-mile radius.
This is an excellent opportunity for a gastroenterologist looking to start their own practice or for an established practice seeking geographical expansion.
