Due to the upcoming re-locaton of the owner, this is a fantastic opportunity to purchase a unique Hand Therapy Practice in Long Island, NY. This could be suitable for a therapist looking for a solid solo practice, or the perfect second location for an existing hand therapy practitioner who wants to expand in Long Island.
This hand therapy practice is thriving at its current location within a well established physical therapy practice in Nassau County. The practice is located at 1999 Marcus Avenue, in Lake Success, NY 11042 in a 2700 square feet fully equipped wheelchair accessible office with private parking.
This allows for great collaboration and ongoing cross referrals. In addition, there is joint marketing efforts and billing services as part of the rental agreement. The practice enjoys a steady stream of referrals, including a new NYU affiliated hand surgeon in the building who refers new custom orthotics and hand patients weekly. The practice is able to utilize all of the equipment within the PT practice. Included in the sale is all the splinting material, hydrocularos, hand exercises etc so there is no need for any additional equipment; this is essentially a turn key operation. Currently, the practice provides over 30-40 sessions per week, and receives approximately 5 new evaluations per week. The current owner has a wait list of 5 plus patients.
The practice has multiple contracts with many insurance companies including Medicare, and is a participating provider with the VA, along with being a member of the prestigious Hospital for Special Surgery member network. Additionally. the practice is a Medicare approved DME provider which allows for the ability to to bill for custom orthotics. In addition, the practice has a home care component with a reliable OT currently doing 2-4 visits per week. The OT is eager to stay on with a new owner.
TERMS AND ASK PRICE
Full financial information including tax returns, profit and loss statements and practice statistics are available once a non disclosure agreement is signed. The owner is asking $170,000.00 and is willing to stay on for a reasonable transition period. Interested and serious buyers, please contact the practice owner in confidence at:
Milena Alicandro, OTR/L, CHT
LiveWell Occupational Therapy Services, PLLC