The practice is a longstanding approved provider for evaluation and treatment in the NYS Early Intervention Program and the NYS Preschool Program in Nassau County, New York. In addition, the practice provides services for various school districts through The Committee on Special Education (CSE) on a contractual basis. The practice also accepts private pay patients.
Typically, on a weekly basis, the practice averages approximately 86 visits in the clinic, 25 visits at home, and 457 visits in the schools. The practice receives approximately 6 new patients per month. Treatment sessions are generally 30 minutes in the office and in the schools and 45 minutes at home. Full practice statistics are available for review. Average bill rates for visits are (break it down by school, home and office).
FACILITIES – The practice and administrative offices are located in an ADA compliant commercial elevator building with over 850 square feet. The office includes a fully equipped sensory gym occupying two rooms that contain a great variety of sensory integration equipment including a rock-climbing wall. The space also includes a clerical office and two large closets with shared bathrooms in the hall. The lease is reasonable, transferrable and renewable, and available for inspection. There are various parking options available surrounding the building, including free and metered parking, along with two municipal parking lots.
IT CAPABILITIES – The office is computerized and uses a secure network to store and access all files. There is a computer network, two workstations, printers, and a wireless router. The practice uses Google Workspace for schedules, emails, and storage of documents. QuickBooks is used to manage all accounts and for all payroll purposes. Therapists utilize NYEIS, IEP Direct, and CPSE Portal to record client logs
CURRENT STAFF –The practice currently employs 1 Full-Time Occupational Therapist (owner), 1 Part-Time Occupational Therapist, 1 Part-Time Physical Therapist, 1 Full-Time Office Manager, and 1 Part-Time Billing Clerk. The practice currently has 16 Occupational Therapists and 6 Physical Therapists engaged as 1099 contractors who provide services in all settings: home, school, and office. Prospects for continued engagement under new ownership is excellent.
FINANCIAL STATUS –The practice has no debt and typically grosses over $1M. Full financial information, P/L statements, practice statistics, tax returns etc. are available for review.
OFFER TERMS – This practice is being offered at $725,000.00 Reasonable terms will be considered with certain contingencies based on the renewal of existing school contracts. The owner is willing to stay on for a transition period to provide both direct client services as well as administrative oversight under a separate consulting agreement post sale.