THIS PRACTICE HAS BEEN SOLD!!!
Established 20 plus years ago, this highly regarded practice has consistently maintained a stellar reputation for providing expert physical therapy to people with varying orthopedic conditions and a strong commitment to clinical excellence. In addition to being a general orthopedic physical therapy practice, they have many specializations. Prior to COVID, the practice averaged 6000 treatment sessions annually, 500 new patients each year from over 250 referral sources,and consistently maintained gross revenue of approximately $1.2M. Currently practice stats are down approximately 50%.The practice is In-Network with Medicare, a member of HSS, and provides services Out-of-Network to all other insurers.
The practice is located in a luxury doorman building in a mixed residential and commercial neighborhood, with easy access to transportation in Manhattan. The lease is transferable and renewable. The office is fully turn key with state of the art equipment. It has in excess of 2,000 usable square feet including multiple private treatment rooms, a large gym, reception area, back office administrative offices and in office bathrooms and changing areas..
The practice has a remarkably loyal staff and many have additional clinical specializations. All staff members are eager to stay on with the new owner. The current owner is willing to stay on for a reasonable transition period, and longer on a consultative basis.
Full financial and practice information is available for serious and qualified buyers, and all offers over $250,000 will be considered.
Serious inquiries only for further practice information by contacting:
Iris Kimberg, MS PT OTR (on behalf of the practice owner)