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How Much Is My Practice Worth?

January 13, 2019 Rebecca

Discover Multi-Location Syracuse Area Practices for Sale

Multi-Location Syracuse Area Practices for Sale

It’s your lucky day, multi-location Syracuse Area Practices are for sale!! 3 stunning sister locations are for sale and because of the locations, goodwill and growth opportunity, it is the opportunity of a lifetime! The current doctor/owner is willing to stay on as an associate if needed or furthermore, is amenable to a straight buy-out and leaving. All locations feature an independent and certainly well-balanced patient base. First of all, all offices are perfectly located in a retail location, a stand alone building and a highly popular medical complex. Each space is certainly fortunate to have incredible visibility. Secondly, this highly-trafficked area holds ample parking hence ensuring convenience for all your patients.  Thirdly, the practice is near many busy stores therefore guaranteeing great foot and vehicle traffic. To learn even more about this unbeatable 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%

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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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