This 2 office practice is highly regarded in their communities and are often the refuge of patients looking for more than a “shake and bake” experience at a rehab chain office. The current owner is looking to sell due to ongoing health issues which require more attention. Both offices are approximately 1800 square feet and see primarily Medicare population with orthopedic and gait and balance issues. Offices both utilize EMRs and are outfitted with the latest in equipment and modalities: LiteCure 15 W laser, Anodyne Therapy, Biodex Sit2Stand, SoloStep 22-foot track, Neurocom Frenzel lenses, PneuWeight System, ATM2 BackProject and more. Great opportunity for aggressive PT to market the practices to local MD’s.
There is a longtime PT and PTA eager to stay on under new ownership and both offices are located in solid residential neighborhoods with local area hospitals nearby.
Prior to COVID-19 pandemic both practices were grossing: 2015: 1.1 million, 2016 1.3 million, 2018 1.3 million, 2019 $973,556. Both offices are mid lease with 5+ year extensions.
The owner is willing to stay on for a reasonable transition period and ask price is negotiable. The owner is open to discussing creative ways to structure the deal including an earn out. Interested and serious potential buyers, please contact the practice owner directly at: firstname.lastname@example.org