Company Overview
American HealthCare Capital is pleased to exclusively present an Occupational Medicine Practice for sale in the Midwest. The practice provides core Occupational Medicine services, including pre-placement and periodic physical examinations, employment-related drug and alcohol testing, screening evaluations (vision, audiometry, and pulmonary function testing), vaccinations, lab services, and digital radiology. The practice has consistently maintained an active client base in excess of 200 employers and referral sources, with the average patient volume of 12-15 visits per day.
Financial Overview
The Midwest occupational medicine practice’s payor mix is 100% employer payments. In 2023, the practice had $192,126 of gross revenue with a net operating income of $82,767. At present, the practice is positioned for significant growth with the reintroduction of Occupational Medicine services, including work injury care, urgent care, and immigration physical examinations. Lengthy and strong relationships with existing employer clients and referral sources with increased patient volume from existing and reintroduced Occupational Medicine services will promote future growth which a new owner could build upon.
Staffing Overview and Transition Plan
The seller is seeking semi-retirement to focus on other interests. However, the other 2.25 FTE staff (F/T physician assistant, F/T receptionist, and P/T medical biller) are expected to remain with the practice following the transition to a new owner.
The asking price for this Midwest occupational medicine practice is $450,000 or best offer.
