State:
Florida
Category:
Primary Care, Pain Management, & Specialty Group Medical Practices
Asking Price:
$7,200,000
Revenue:
$3,700,000
Company Overview
PRIME exits and American Healthcare Capital are pleased to exclusively introduce a Gastroenterology practice for sale in Florida offering comprehensive Gastroenterology services, including Colonoscopy, Endoscopy, IBS, Chron’s, GERD, ulcerative colitis, colon cancer screening and more. The company is accredited by AHCA, HIPAA, OSHA, AAAHC, and Medicare. The Company operates 3 offices and is continually growing due to population growth in the area spurred by multiple 55+ communities.
Financial Overview
The company’s payer breakdown is 68% Medicare, 30% commercial insurance, and 2% other. Revenue has been on an upward trend over the past few years, while EBITDA has remained steady mostly due to the company not fully maximizing capacity with increases in labor staff. In 2022, the company grossed $2.9 million with EBITDA of $1.2 million. In 2023, they grew to $3.5 million with EBITDA of $1.2 million. The company generated $3.7 million in gross revenue in 2024 with an EBITDA of $1.2 million. They are now poised to continue revenue increases with no significant additional staff.
Staff Overview and Exit Plan
That staff consists of 15 FT Employees who are all expected to stay on post-acquisition. The Seller would like to continue working in the business, reducing their administrative function and focusing on patient care.
Asking Price
The asking price for this opportunity is $7.2 million, which excludes cash, receivables, and working capital.
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