turnkey suburban NYC physician-owned cardiology-only practice for sale
Westchester County, NY
| Asking Price: | $6,000,000 |
| Rent: | $2,929/Month |
| Inventory: | $50,000 |
| Established Year: | 2002 |
Listing ID: 1717077Listing provided by BizBuySell
BUSINESS DESCRIPTION
Type of Practice: Cardiology only(subspecialty-interventional); physician-owned
Number of Physicians in Practice: 1 (who is founder and owner)
Selling Practice and Equipment as below
Active patient charts(>5K), referrals & growing patient base(5-10 new weekly)
Dual IPA affiliation and financing available
Mobile stress PET scanning twice monthly is only one in the area
DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,200
Lease Expiration
06/10/2027
Employees
4
Facilities
-3Welch-Allyn oto-opthalmoscopes
-4Baumometer blood pressure monitoring system
-Networked computers (2)
-In-office phone system
-Brother fax machine
-HP copy/fax/scan machine
-Sound system
-Dual internet (Optimum cable and FiOS)
-Hard paper copy and 2 EMR chart access
-20 reception area chairs, 3 exam rooms fully furnished with exam tables/cabinets
-Answering service, billing service, IT outsourced and maintained for 19 years
-Electrocardiogram machine
-Diverse patient base (30% Medicare, 60% Commercial, 10% HMO)
Competition
I am closest board-certified cardiologist to local hospital.
I am last physician owned solo cardiology practice in the area.
I am the only UHC-accepting cardiologist in the area.
I have dual IPA affiliation and full privileges with 2 different hospital networks.
I maintain close relationships with other practices to bill professionally for some tests.
I work independently which allows for other activities-media, teaching, expert witness.
Growth & Expansion
5-10 new patients weekly with one physician who sees patients 2.5 days weekly and increasing;great site for adding echo,vascular, cardiac monitoring machines or increasing frequency of on-site mobile stress PET van in large parking lot.
Financing
direct referral to small, independent local bank
Support & Training
current staff and twice monthly on-site mobile cardiac stress PET scanning ability will continue. I personally will remain in area and will orient for a fee.
Reason for Selling
pursue other opportunities/take advantage of the market
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