Green Sail is happy to announce another outstanding practice purchase opportunity!
Where?
NE PORTLAND
What?
LARGE GENERAL PRACTICE
How Much?
$1,747,150 PLUS A/R
About the Practice:
This large, profitable general practice is located off of a major thoroughfare in NE Portland. It is owned by 2 doctors, both of which are selling, and has been in its current location for 17 years. It has 6 operatories and collected over $2 million on 10 doctor and 8-10 hygiene days per week. It utilizes Daisy practice software, has paperless charts, digital x-rays, endo equipment and a panoramic x-ray. The equipment is in good working condition with newer Adec chairs and units. The practice currently refers out ortho, perio surgery, 3rd molar removals, implant placement, most endo, difficult pedo, any procedures w/IV anesthesia or GA, and pathology biopsies & tx.
About the Facility:
The clinic is housed in a 2,257 square foot, stand-alone building. The real estate is owned by the selling doctors, and the space will be leased by the buyer with potential for future purchase. In addition to the 6 operatories, the space includes a welcoming reception area, front office, private office, lab, sterilization, and consult room.
About the Numbers:
There are approximately 1,717 active patients (seen in last 24 months), with an average of 36 new patients per month. The clinic is in contract with just Delta Premier, and 62% of the patient base has insurance. The practice’s average collections for the last 3 years has been just under $2 million. The average adjusted net income has been $779,667 (41% of collections) in the last 3 years. The buyer’s net income after debt servicing and associate compensation is projected to be $394,177 at the current production and expense rates.
Practice Details:
- 6 operatories
- Reception area
- Front office
- Private office
- Lab & sterilization
- Consult
- 2,257 square feet
- Daisy software
- Paperless charts
- Digital x-rays
- Panoramic x-ray
- Collected over $2 million in 2021
- 10 doctor & 8-10 hygiene days/week
- 1,717 active patients
- 36 new patients per month
- 3-year-avg. adj. net income = $779,667
- Buyer’s projected net income = $394,177