Company Overview
American HealthCare Capital is pleased to present an exclusive listing for a prominent Pediatric Medical Practice located in Utah. Established in 2016, this practice has been dedicated to providing exceptional care to children from birth through 18 years of age. The practice offers a wide range of services, including routine well-child care and specialized consultations for acute illnesses. It features a skilled team of four board-certified pediatricians, each proficient in specialty areas of medicine, ensuring thorough and comprehensive care for all patients.
Financial Overview and Growth Projections
The pediatric practice boasts a strong financial foundation, with a payer mix of 95% private insurance and 5% private pay, serving a total of 8,565 patients. The practice demonstrated solid financial performance in 2021 with gross revenue of $2,882,547 and a net income of $1,284,612, yielding a 44.6% profit margin. In 2022, the revenue remained steady at $2,882,757, while the net income decreased to $998,781, marking a 34.6% profit margin. For 2023, the practice recorded a gross revenue of $2,652,368 with a net income of $910,461 (34.3%). Looking ahead to 2024, gross revenue is projected to reach $3 million with an anticipated net income of approximately $1 million, indicating a promising financial trajectory and continued profitability.
The company’s success can be attributed to its excellent reputation contributing to its active flow of referrals and a highly skilled and dedicated team that has been instrumental in delivering top-tier pediatric care. The potential for growth remains high, as the owners believe that expanding the service area and improving marketing efforts will drive continued success.
Staffing Overview and Transition Plan
The current staff is expected to stay under new ownership, and the owners are committed to ensuring a smooth transition, including providing extended support post-transition, depending on the needs of the new ownership.
Asking Price
The company is available for acquisition at an asking price of $6 million