American HealthCare Capital is pleased to introduce an outpatient physical therapy practice for sale in California with multiple locations. This well-established company has been in business for nearly 40 years. They service the greater Los Angeles area in California.
The company’s payer mix is 75% IPA/HMO/PPO, 20% Worker’s Compensation, and 5% private insurance. Gross collections have steadily increased over the last few years, reaching $561,000 in 2016, and the owner expects continued growth in 2017. The owner feels there is tremendous room for growth with increased staff, as they are unable to meet the demands for their service at their current capacity. With additional help, the seller feels they could immediately increase their census by 20%.
The staff is available to continue working with a new owner, but the seller would like to retire. The asking price for this opportunity is $275,000. The seller is highly motivated for a quick transaction.
If you would like to learn more, please contact us for a Confidentiality Agreement that will allow us to share more detailed information with you.