Listings

$7 Million Revenue Cardiac and Thoracic Surgery Medical Practice in the Western US

$6,000,000
$7,000,000
XYMED1H

American HealthCare Capital is pleased to introduce a Cardiovascular and Thoracic Surgery Medical Practice for sale in the Western United States. The practice’s dedicated surgeons and advanced providers see patients and perform surgery in several locations. The practice has long-standing outreach clinics across the state where they see patients in person and by telehealth. One third of all patients come from these outreach clinics. They are contracted with a major health system to provide comprehensive cardiovascular and thoracic surgical services and call coverage. Surgical volume is over 1,000 operations annually.

The company’s payer mix is 66.5% Medicare and 33.5% private insurance, with minimal Medicaid and uninsured patients. Gross revenues have grown steadily since the company’s inception, except for 2020 due to the onset of the pandemic and subsequent interruption of elective surgery. They have seen significant growth in 2021 with a run rate of $7 million in gross revenues and an adjusted EBITDA of $750,000. They expect the growth trend to continue into 2022 as they approach eight figures. Annually, the practice consistently generates 5% to 10% free cash for the partners.

This successful group private practice is in search of a strategic equity buyer who wishes to add vascular surgery to their practice and to help grow their business into new geographies. The practice employs fifteen providers plus necessary ancillary staff. The key providers are expected to stay on and continue to treat patients, including the equity partners.

The asking price for this opportunity is $6 million.



If you would like to learn more, please use the form on the right-hand side of the page to execute our NDA. You will need to copy the Listing Code and Listing Title from the summary above to complete the NDA.