PEDIATRIC OCCUPATIONAL THERAPY PRACTICE FOR SALE IN THE PUGET SOUND REGION OF WASHINGTON STATE

OVERVIEW
This well established and highly regarded  pediatric practice specializes in sensory processing, autism spectrum, and client-centered development for children from birth until 21 years of age. It  enjoys a long-standing, area-wide reputation in the community among doctors, colleagues, area clinic owners, parents, and educators and has a very wide referral base..
The practice has ongoing  contracts with most major insurance plans including Regence, Premera, Aetna, Cigna, Kaiser, Coordinated Care, and Molina. The practice has 5  full-time employees and 1 part-time employee with an average of about 450 client/hours per month. New evaluations are scheduled in conjunction with therapy time openings available.  In addition to one on one services, the practice frequently runs groups including handwriting, art exploration, messy play, yoga, and self regulation.
It has fully integrated telehealth into its practice with great success.

FACILITIES
The clinic is over 3,000 square feet and is newly renovated, fully equipped with state of the art equipment and  is ADA compliant. It has designated parking spots and is easily accessible to many family neighborhoods.

IT CAPABILITIES
The office uses HIPAA compliant EMR and email/cloud storage for most communication and documentation. The EMR is hosted by Fusion Web Clinic,  Fusion Web Clinic also provides our billing services as an adjunct to their in-house authorization/verification team. The clinic is wired for two-line phone capacity and a unique fax numbe and  utilizes HIPAA compliant RingCentral for fax communications. Google Suite with BAA is utilized for email, clinic document storage, staff and community forms, and a portfolio of resources and training for  staff. Recent Wireless Router and Cable Internet updates were made in early 2020. 

CURRENT STAFF
Currently there are  5 full-time OTs, hourly staff and one  part-time clinical staff. In addition there is a  full-time office manager and therapy aide/receptionist, and part-time invoicing/AR specialist The therapy staff, is a closely-knit, highly trained and skilled team.  Everyone is eager to stay on under new ownership.
 
FINANCIAL OVERVIEW
Full financial information including but not limited to profit and loss statements, balance sheets, and tax returns for the last three years are available for inspection. The gross revenue for the company has consistently grown year over year. Gross Revenue for 2018 was over  $670K, 2019: over $800K and projected gross revenue 2020 is expected close to 900K  despite  a year of unpredictability amid  global pandemic. Net profits are consistently over $200,000.

TERMS
Asking price is $400,000.00.  Full financial and practice analytics are available to serious and qualified buyers. The practice owner is open to flexible terms and structuring of the deal for the right candidate, The owner is committed to a successful transition and would stay on as needed.
Serious and qualified buyers can reach out to Iris Kimberg MS PT OTR on behalf of the practice owner. iris@nytherapyguide.com 

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