Private Medical Practice for sale in AL
Madison County, AL

Financing: $100,000.00 Down and $150k at a rate TBD for 36 months

Reason for Selling:Retire

This is a privately-owned, medical practice. It is an Internal Medicine Specialty Center, located in the state of Alabama in a growing and thriving community of 500K residents. The seller has been in practice at this location for over 15 years and is retiring within the next 2 years. Nevertheless, the seller is willing to stay on board to provide support and training to the new buyer. The practice currently has 2 FT employees (office manager with 17 yrs experience and RN with 5 yrs experience) and 1 PT employee (Front Desk Receptionist) all of whom are willing to stay on. The seller has approx. 3000 patients! The age demographics are: 50% aged 50 and older, the remaining 50% are skewed out. Seller sees approximately 15-20 patients per day. However, a younger doctor who purchases this practice could easily see approximately 25-30 patients per day. Seller does not accept Medicaid insurance and currently accepts United, BCBS, Aetna and Humana which makes up 70% of his billings. The remaining 30% of his billings come from private pay patients. Seller's medical office is 2,146 sq. ft and is annexed to a hospital which provides easy access for patients to obtain diagnostic testing. If you are an Internal Medicine/Primary Care Physician and you live outside of Alabama, this is a GREAT opportunity to purchase a thriving practice. Medical Malpractice Insurance is only $8K per year in Alabama! Owner financing is available! Hurry! This practice will sell fast!

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at dsaunders@vestedbb.com or call us at 347-486-2136 to discover the difference that is Vested Business Brokers.