Anticipating retirement after 39 years of practice, this motivated owner is offering his Occupational Therapy practice for sale.  After 29 years in one location the practice is well established in the community and the therapist is well regarded by patients and referring physicians.  The owner partners with local universities to offer OT students 12 week internships to develop their skills.  The practice is focused on physical disabilities and the patient population of all ages are treated.  While the majority of diagnoses treated are upper extremities the practice does treat back and lower extremity injuries as well and would lend itself to a combined OT/PT practice.  The practice is currently in network with Aetna, ASH, Blue Cross Blue Shield, Cigna, United Healthcare, Oscar, Oxford, Emblem, HIP and GHI, Magna Care.  Workers comp and no-fault cases are also accepted.  The average rate of reimbursement is approximately $65 per patient.  Current staff includes the owner, full time office manager, part time OT staff  and part time receptionist/assistant.

Located in a suburban, high income neighborhood with ample on street parking, the practice is equipped with therapy equipment:  3 fluidotherapy, 1 hydrocolator, 3 stim/ultrasound combo units, 1 cold laser, 1 double stim unit, Saunder’s traction table and exercise equipment.  There are four treatment areas, a gym, waiting room, office and kitchenette with a total of 1800 square feet.  The practice is located in a store front owned by the practitioner,  and the practice  owner is offering a favorable lease agreement to the new owner.

The practice was providing over 100 weekly sessions pre-covid.  Current practice is at approximately 60 weekly sessions.  Gross revenue for 2023 was $250,000 and is on target for 2024.  Full financial information is available for inspection.  Although this practice is currently owned by an Occupational Therapist, it is very suitable for a physical therapist as well.  The practice is being offered for sale at $125,000, reasonably priced for a quick sale.