American HealthCare Capital is pleased to introduce an outpatient ophthalmic practice for sale in the affluent Tampa Bay Area in Florida. The Company has been in business for fifteen years and has an outstanding reputation for quality ophthalmic care. They have 3 locations. Their services include treatment and early detection of Diabetic Retinopathy, Macular Degeneration, Cataracts, Glaucoma and Dry eyes in elderly and diabetic patients.
The bulk of the company’s revenue comes from Medicare and Medicare Advantage patients. Gross revenues in 2016 were $5,053,611.00 with an Adjusted EBITDA of $2,156,325.00 (42.7%). They grew to $5,400,596.00 in 2017 with an Adjusted EBITDA of $2,370,049 (43.9%). The company is currently on pace to exceed these numbers in 2018. There is a steady base of referrals that a new owner could build upon.
The sellers are available to stay on board for a transitional period, and the staff is expected to stay on under new ownership.
The asking price for this opportunity is $12.5 Million.
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.