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Pediatric Medicine Practice For Sale
PX Type:Pediatric Medicine
State:NC
Location:Mecklenburg County
Asking Price:395,000
Reason for Selling:Physician is retiring
Contact Broker:Terry Flanagan at (877) 988-0911
Email Broker:terry@practicebrokers.com
Listing Status:SOLD!
  
The practice was started in 2008. The practice is located in a leased office in a city location. The office is located in a professional office suite setting and consists of 1,450 square feet and offers 20+ parking spots. The practice moved to this location in 2008 and the office was last remodeled in 2010.

The current lease is due to expire in May of 2014. The practice owner feels the landlord will transfer and renew the lease without difficulty. The monthly lease payment is ,428 and includes CAM charges.

The office consists of a large centralized waiting area with 20 chairs, a private physician’s office, 3 examination rooms, nurse’s station, and lab area. One washroom is present. The layout allows for ease of patient flow and efficiency of physician movement.

Patients are seen primarily by appointment with 25% of the patient visits by walk-in. Average patient appointment length is 20 minutes. Average travel distance for most patients is 20 minutes.

Estimated value of the business furniture, fixtures and non-technical furnishings is ,500. The value of medical, lab and office supplies is estimated at ,250. Electronic Health Records (EHR) are in place. The practice utilizes the Care360 EHR system by Quest Diagnostics. The staff is fully trained on this system. Insurance claims are transmitted electronically.

This practice is well balanced between children between 0 to 3 years and 3 years to 21 years old. The practice accepts all major insurances and has strong referral sources. The seller will assist with transferring the active patients and sizable existing patient base to the acquiring physician. The seller will work with the buyer, including time in the office (if requested), to insure a smooth transition.
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