Company Overview
American HealthCare Capital is pleased to exclusively introduce an occupational medicine clinic for sale in Washington. The clinic was established more than 40 years ago. With a focus on treating work-related injuries and fostering a healthy workforce, the clinic provides a wide array of occupational medical services aimed at enhancing employee productivity and well-being. Services include physicals, medical testing, case management, DOT medical certification, FAA examination class I/II/III, employment exams, and employment programs.
Financial Overview
The clinic’s payer mix is 60% client billed, 35% worker’s compensation, and 5% self-pay at the time of service. In 2023, they saw approximately 17,000 patients with a current average of 40 – 55 per day. They have agreements with around 300 companies for requested services, and they have a strong relationship with the local hospital.
In 2023, the clinic achieved gross revenue of $2.3 million. They ended 2024 with revenue near $2.3 million and adjusted EBITDA of nearly $200,000. 2025 is expected to be their best year yet, with revenue projected to be up by 10 – 15%. They have expanded their office to fully support 4 providers (up from 3), and they are in the process of hiring an additional Board Certified Occupational M.D. to fill the spot. With an additional provider on staff, they can take on more clients instead of turning them away due to being at full capacity.
Staff Overview
The existing staff are expected to stay on post-acquisition, including a PA-C, ARNP, and administrative staff. Additionally, they are in the process of hiring another physician. The physician owner would like to retire but will assist during a transitional period.
Asking Price
The asking price for this opportunity is $1.5 million. The real estate is also available for sale at current market value.
