Loading…

For Sale: Medical Practices - Founded 1994, Well Established - Worcester County, Massachusetts

$1,950,000.00

Asking Price

  • Status: Active

  • Posting ID: 289122

  • 10/26/24

Worcester County Medical Practices - Founded 1994, Well Established Business For Sale

Description

Great Growth Potential - No Competition within 50-mile Radius

This well-established gastroenterology practice, founded in 1994, is the sole full-time provider serving central Massachusetts. The practice specializes in comprehensive care for gastrointestinal (GI) diseases, including reflux, dysphagia, GI bleeding, liver and pancreatic disorders, diverticulosis, irritable bowel syndrome, and inflammatory bowel disease (IBD). It has a long-standing reputation as a medical home for IBD patients and offers a robust colorectal cancer screening clinic.

In addition to an on-site infusion clinic, the practice provides breath testing and video capsule services. Endoscopic procedures are conducted at both the local hospital and an ambulatory care facility. Since its inception, the practice has treated over 35,000 new patients. In the past 12 months alone, the team has performed 1,745 endoscopic procedures, conducted 160 in-office infusions, and managed 3,964 patient visits, with 40% of those visits from new patients.

The payor mix for non-infusion services is predominantly Blue Cross/Blue Shield (65%), followed by Aetna (11%), Medicare (9%), Harvard Pilgrim (8%), and other payors (7%). For infusion services, the payor mix includes Blue Cross/Blue Shield (33%), Harvard Pilgrim (20%), United Healthcare (13%), Cigna (7%), and Medicare (27%).

The practice benefits from a stable referral base and utilizes a robust recall system for follow-up surveillance endoscopies. It attracts patients from communities within a 50-mile radius.

This is an excellent opportunity for a gastroenterologist looking to start their own practice or for an established practice seeking geographical expansion.

To get more information about this Medical Practices - Founded 1994, Well Established business for sale in Worcester County please phone Shaun Rudgear (Broker - BRE License #:BR008458000) at 602-362-8322 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #289122 on BizBen.com. In addition to phoning Shaun Rudgear, make sure you email Shaun Rudgear above to get more info about this Medical Practices - Founded 1994, Well Established, to ask any questions or request an appointment to see this business for sale. Thank you. License # BR008458000.

Show more

Contact

  1. Name: Shaun Rudgear
  2. phone iconPhone: 602-362-8322

Details

  1. Asking Price: $1,950,000.00

  2. Down: Call/Email

  3. Cash Flow: $979,853.00

  4. Revenue:    $2,737,974.00

  1. Area: Worcester County

  2. City: None Given

  1. Attributes:

    Broker CooperationFinancial AssistanceTraining & SupportFor Sale By OwnerOwner/Seller Financing

My Notes About This Listing

1000 Character Limit. Write notes about this posting above. Just a reminder, your changes are not saved until you click the Save My Changes button.
Related Links & Information Regarding This Posting

Email Shaun Rudgear Below About This Posting


Today’s Featured Businesses, Franchises, Opportunities For Sale On BizBen

Featured Resources, Advisors, & Intermediaries

Popular Blog Posts & Articles On BizBen Today

Popular Discussion Posts On BizBen Today