Well Established Hispanic Medical Practice for Sale

Background
This medical practice was established in October 2000 and has been operating by its founder for over 22 years. It started as a pediatric practice and has grown it over the years to a family care practice. The founder’s desire was to help low-income families and patients without medical insurance. With patients from many different states in the US, the practice now focuses on family care for Hispanic patients in the community and new patients from Mexico and South America.

The practice serves its patients on a cash or credit card basis and doesn’t accept insurance apart from Medicaid. Since many new patients are new immigrants, the required vaccinations to enter the US are supplied at no cost to the practice, which results in higher margins and improved cash flow from similar practices which must process insurance claims from multiple providers.

People
The practice employs two medical assistants, one of which has 10 years tenure. We see Medicaid patients but not commercial insured patients, which is an open option for a new practitioner that would increase the income. There is no need for an office administrator since payments are in cash and credit cards.

Opportunity
In 22 years, that the practice has been open, there has never been a malpractice suit and the practice’s reputation is one of its best assets. There is a lot of room for growth, especially if a new practitioner decides to work with health insured patients or offer weekend or evening hours.