Company Overview
American Healthcare Capital is proud to be the exclusive representative of a holistic and integrated primary care medical group in Central Florida. Established in 2018, this practice offers a comprehensive range of services, including primary care, psychiatry, behavioral health therapy, and weight loss management. Since its inception, the practice has experienced substantial growth, expanding its services and patient base, making it a recognized leader in integrated healthcare within Central Florida.
Despite consistent revenue growth, the clinic encountered financial difficulties in 2022 and 2023, primarily due to operational inefficiencies, such as delays in credentialing. These challenges resulted in significant but controllable losses. However, with a strong foundation, experienced leadership, and strategic growth opportunities, this medical group is now well-positioned for financial recovery and future expansion under the right ownership.
The group’s mission is to deliver integrated healthcare that addresses both the physical and mental health of its patients. With plans for further growth, including a hybrid satellite care model and a tax-exempt nonprofit foundation, the practice has a unique opportunity to secure grants and form community partnerships.
Financial Overview
The company maintains strong contracts with major insurance providers, ensuring a reliable revenue stream. In 2022, gross billings were $1.13 million. However, due to higher-than-expected operational costs and credentialing delays, the clinic incurred a net operating loss. In 2023, gross billings grew to $1.64 million, reflecting an expanded patient base and additional services. Nevertheless, credentialing delays continued to impact profitability, resulting in a net loss. In 2024, revenue is expected to continue rising and the company has returned to profitability. Based on results through August, they are projected to reach $2,119,659 with an expected annual profit of $346,360.
Staff Overview
The team consists of 8 healthcare providers and 8 support staff. None of the employees are currently aware of the potential sale, but all are expected to remain with the company after the acquisition.
Reason for Sale
The current owner is nearing retirement and wishes to ensure the legacy of the practice is preserved. The owner is committed to supporting the transition and assisting with business continuity for a mutually agreed period.
Asking Price
The business is being offered for $1 million. The sale excludes cash and all accounts receivable.
