Company Overview
American HealthCare Capital is pleased to exclusively offer a solo behavioral health practice for sale in the Cleveland, Ohio metropolitan area. The practice provides outpatient psychiatric and counseling services for adults, including psychiatric evaluations, medication management, individual counseling, medication-assisted treatment (MAT) for substance use disorders, computerized ADD testing and treatment, guardianship expert opinions, and prenuptial counseling.
The practice is well-regarded in the community, strategically located in professional medical office settings. Referrals are sourced from hospitals, other providers, the practice’s website, families, and self-referrals. The sale also includes an unused Transcranial Magnetic Stimulation (TMS) medical device.
Financial Information
The practice has consistently generated over $500,000 in annual revenue with adjusted pretax profits of approximately $150,000. There are clear opportunities for growth through expanded hours, re-opening to Medicaid and Medicare patients, and activation of the TMS program.
The practice’s payer mix consists primarily of Commercial Insurance, BWC, and Self-Pay.
Staff Information
The practice is owner-operated with support from a Practice Manager/RN and a Receptionist, along with outsourced vendor services. The owner intends to retire but will provide support during transition period.
Asking Price
The asking price for this opportunity is $650,000, excluding cash, accounts receivable, and working capital.
