Prominent Family Medicine Practice with 1,884 Medicare Lives

Cecil County, MD

Seller Financing Available

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Asking Price:$1,300,000
Rent:$7,900/Month
Gross Revenue:$1,780,364
Established Year:2002
BUSINESS DESCRIPTION

Great Growth Potential - Adjacent Community Hospital

Situated 50 miles north of Baltimore, this prominent multi-provider family medicine practice draws patients from Maryland, Pennsylvania, and Delaware, establishing itself as the clinic of choice in the region. The practice receives 10-12 new patient appointment requests daily and maintains an annual revenue of $1,800,000 and excellent growth potential.

The clinic provides comprehensive pediatric care, including well-child check-ups, wellness exams, and physicals for individuals of all ages, as well as sports and school physicals. Timely treatment for acute illnesses and pre-operative clearance to ensure patient readiness for surgery are also offered. Furthermore, the practice conducts minor office and dermatological procedures such as skin biopsies, excision of moles, minor laceration repair, and orthopedic joint injections. In addition, in-office immunizations, management of chronic conditions through ongoing support and lifestyle counseling, and hospital discharge care management are provided to ensure seamless transitions and continued recovery. This wide array of services ensures personalized and holistic care tailored to each patient's unique needs.

The ideal buyer would expand this successful private practice model to serve the community better. Seller video available to qualified buyers.


DETAILED INFORMATION
Location
Cecil County, MD
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,717
Lease Expiration
31/08/2027
Employees
21
Facilities
Located in a medical office building connected to the community hospital, this 3,717 SF medical office includes a waiting room and reception area, 10 exam rooms, 4 provider offices, 2 patient restrooms, 2 staff restrooms, 1 staff lounge, 1 laboratory, and 2 storage rooms. The building has 4 dedicated parking spaces.
Competition
This is the dominant practice in the region, and there is no real competition.
Growth & Expansion
This region exhibits an unmet demand for primary care services. To increase revenues, the buyer could implement the following strategic initiatives: augmenting the provider base, extending clinics' operational hours, capturing additional Medicare well visits, creating a dedicated team for value-based care, and internalizing care transition services. Marketing to nearby senior living centers would also increase the Medicare patient base for shared saving opportunities.
Financing
$325,000 to qualified physician buyers on approved credit
Support & Training
The retiring partner will provide a 6-month transition to ensure a smooth transition.
Reason for Selling
Owner preparing for retirement
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Shaun
Rudgear
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Shaun Rudgear