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March 21, 2019 Rebecca

Multi-Location Syracuse Practices for Sale

Multi-Location Syracuse Area Practices for Sale

If you’re looking for a practice in CNY with year round outdoor recreation opportunities and excellent opportunities for kids, look no further. This practice features three stunning sister locations in progressive communities north and east of Syracuse city center. Perfect for young families with parents who enjoy going to the city for dinner and events, while maintaining the small-town feel of a neighborhood. The area is well-known for it’s superior school districts. Syracuse has an established craft beer scene and each location is within a ten minute drive of a Wegmans!

All locations are in a unique and well located area: retail location, a stand alone building and highly popular medical complex. Each location also features an independent and well-balanced patient base. Additionally, the current doctor is open to staying on to assist with the transition or is happy to sell outright! To learn even more about this don’t miss-opportunity, please read below: 

  • Two offices outfitted with five fully equipped operatories, the third office features four equipped ops.
  • Similarly, all ops highlighted with newer equipment
  • A total of almost 13,000 active patients with another almost 200 new patients a month
  • Over $1.5 Million in Collections
  • Adjusted EBITDA almost $500k
  • Net to Doctor after loan payment almost $800k
  • Of course there is growth opportunity through expanded marketing and bringing more services in house

Even more information about the practice included below:

Patients

Practice One:

  • Number of Active Patients: 8,601
  • Number of Hygiene Days/Week: 2.5
  • Approximate Number of Patients in Recall: 688
  • Average Number of New Patients/Month: 86
  • Patient Files in Office are By: Individual
  • Source of Patient Numbers: Practice Management Software
  • Number of New Patients During 2018: 692
  • Last Complete Chart Audit: Daily
  • Plans Accepted: All plans accepted
  • Patients Pay with Insurance: 75.8%
  • Patients Pay with Cash: 24.2%

Practice Two:

  • Number of Active Patients: 2,978
  • Average Number of New Patients/Month: 66
  • Patient Files in Office are By: Individual
  • Source of Patient Numbers: Practice Management Software
  • Number of New Patients During Recent Twelve Months: 800
  • Last Complete Chart Audit: Daily
  • Plans Accepted: All Plans Accepted
  • Patients Pay with Insurance: 82.1%
  • Patients Pay with Cash: 17.9%

Practice Three:

  • Number of Active Patients: 957
  • Number of Hygiene Days/Week: 1
  • Approximate Number of Patients in Recall: 275
  • Average Number of New Patients/Month: 16
  • Patient Files in Office are By: Individual
  • Source of Patient Numbers: Practice Management Software
  • Number of New Patients During 2018: 164
  • Last Complete Chart Audit: Daily
  • Plans Accepted: PPOs Patients Pay with Insurance: 65.8%
  • Patients Pay with Cash: 34.2%

Patient Demographics

Practice One:

Ages

  • 0-9: 12.3%
  • 10-19: 19.5%
  • 20-29: 15.7%
  • 30-39: 15.3%
  • 40-49: 11.1%
  • 50-59: 8.4%
  • 60-69: 4.5%
  • 70+: 1.8%
  • Unknown: 11.3%

Practice Two:

Ages

  • 0-9: 7.8%
  • 10-19: 19.0%
  • 20-29: 17.7%
  • 30-39: 15.3%
  • 40-49: 13.4%
  • 50-59: 10.8%
  • 60-69: 5.7%
  • 70+: 2.8%
  • Unknown: 7.5%

Practice Three:

Ages

  • 0-9: 11.9%
  • 10-19: 26.8%
  • 20-29: 13.9%
  • 30-39: 12.5%
  • 40-49: 8.9%
  • 50-59: 7.4%
  • 60-69: 3.3%
  • 70+: 1.4%
  • Unknown: 13.9%

Contact Us

See for yourself while this is the opportunity you’ve been looking for!

To learn even more about this undeniably incredible practice, please contact Kaile Vierstra with Professional Transition Strategies either by phone at 719.694.8320 or by email at kaile@professionaltransition.com.

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