THIS PRACTICE HAS BEEN SOLD!!!
Overview – Due to the upcoming retirement of the practice owner after 40 years, this well established and highly regarded adult outpatient speech therapy practice is available for sale. The practice is well known in its community and works with a variety of adult patients including those with disorders of swallowing, voice and resonance, cognition, head/neck cancer and degenerative diseases such as Parkinson’s disease. The practice owner currently performs modified barium swallow studies at a local acute care hospital on an outpatient basis and is willing to help train the new owner. Historically, the practice owners partners with local universities to offer graduate interns a unique internship where they can develop their skills with voice and swallowing.
The practice is credentialed with most insurance companies incluidng Blue Cross/Blue Shield, United Health,Health Net, Partnership Health, Medi-cal and also accepts private pay. Typically the practice averages approximately 100 productive 1 hour long visits per month and has a waiting list that averages 25- 30 patients at any given time. Treatment sessions are both in person and via telehealth. There are currently no staff members as the owner has been moving toward retirement and is the primary therapist.
Facilities and Location – The practice is currently housed in a home office where it has been for 2 years as the owner was in semi-retirement. There is ample commercial space available in the vicinity of the practice, and the current owner understands that any sale is contingent upon the buyer finding suitable space. Located at the north end of the Central Valley, the service area includes a population of over 200,000, and a newly developed downtown area. There is an array of diagnostic testing material and equipment included in the sale.
Financial Information– Full financial information including but not limited to profit and loss statements, balance sheets, and tax returns for the last two years are available for inspection. The gross revenue for the company on a part time basis is $65-75,000 per year. AR over 30 days runs less than $1,000-2,000. and there is no debt.
Growth Opportunities:- There are numerous opportunities of growth for this practice to add additional speech pathologists,, expand to pediatric services, and also become a multidisciplinary practice with the addition of OT and PT.. There is only one pediatric speech practice and no other adult practices in the area.
Offering Terms and more info: The practice is being offered at $75,000 with reasonable terms accepted. The owner is willing to stay on for a reasonable transition period with the new owner and assist in finding suitable office space.
For more information: Serious inquiries from interested parties, please contact. Iris Kimberg, MS PT OTR on behalf of the owner. at: firstname.lastname@example.org or 845 430 7749.