Company Overview
American HealthCare Capital is pleased to introduce an outpatient physical therapy company for sale East of Reno, Nevada. Established in 1991, the company has an outstanding reputation for highly personalized patient care. They offer a wide range of traditional physical therapy services, including Post Surgery Recovery, Back and Neck Pain, Balance Issues, Sports Injuries, Stroke Impacts, Vertigo Issues, and Workers Compensation Cases.
Financial Overview
Company revenues are derived primarily from Private Insurance (35%), Medicare (30%), TriWest (20%), and Medicaid (15%). Company revenues were $746,516 in 2021, $724,924 in 2022, and $605,496 in 2023. Revenues for the first four months of 2024 were $212,272, putting them on track to exceed $630,000 by the end of the year. The Company averages 35 patient visits per day, including 50+ new patients per month. With its payor mix, the average reimbursement per visit is $63.00. Total annual patient visits were 12,186 in 2021; 11,413 in 2022; and 9,741 in 2023.
The owners feel that significant growth opportunities exist in light of the Company’s outstanding reputation and impressive list of physician referrals. Adding another Physical Therapist would increase the business significantly. As the Reno metro experiences explosive population growth, the demand for services will increase.
Staff Overview
The owner is not a therapist but is available for a transition. All employees are expected to remain with the company.
Asking Price
The asking price for this opportunity is $400,000. The building and lot are available for sale separately.
