American HealthCare Capital is pleased to introduce an Urgent Care Clinic for sale located in Northern New Jersey. The company was started by a family physician who introduced Urgent Care services in 2012 due to high demand. In 2015, the state of New Jersey ceased granting new Urgent Care licenses and Insurance companies are not granting any more Global Urgent Care contracts. Their core services include urgent care, family care, travel medicine, occupational medicine, vaccinations, preventative medicine, physical exams, fever and chills, colds, flu, viruses, sore throats and earaches, bruises (contusions), animal bites, tick bites, insect stings immunizations and work-related injuries.
The company’s payer breakdown is 95% Private Insurance and 5% Medicare. Gross annual revenues were over $1.3 Million in 2015 and 2016, and they grew to more than $1.55 Million in 2017 with a net income of $989,000. They are on pace to match 2017’s numbers with 1,000 current average patient visits per month. Based on the first six months of 2018, annualized revenues are on track to reach $1,340,000 with reported annualized net income of $790,000.
The owner feels there are significant growth opportunities available in providing occupational medicine due to the supply of large employers in the area, as well as through the marketing of services for additional primary medical care and ancillary services.
The current owner is a physician who is seeking to transition towards retirement but is available to continue working with the new owner. There is a full complement of medical and administrative staff that are also available to stay on.
The asking price for this opportunity is $2 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.