Green Sail is happy to announce another outstanding practice purchase opportunity!
PRACTICE = $520,408 + A/R
About the Practice:
This nice, mid-sized, general practice is housed in its own building in a desirable, busy part of SE Portland. It has been in its current location for 43 years, and has an active patient base of 2,547. The practice is equipped with four operatories with the potential for two additional. In 2018, it collected $616,052 on 3 doctor and hygiene days. The clinic utilizes Daisy software, and its percentage PPO is 63.5, with fee-for-service at 36.5%. It has paper charts and refers out most OS, perio, ortho, and difficult endo.
About the Facility:
The building is 1,500 square feet with 2/3 basement, 1/3 of which is finished. The building is owned by the seller and includes nine parking spaces. It has one bathroom, lab, sterilization, lounge, consult room, private and business offices, and a basement. The practice has Adec equipment that is in good shape, and it also includes a pano. It has four equipped operatories, with the potential for two more.
About the Numbers:
There are currently 2,547 active patients, with an average of ten new patients per month. Last year, the practice collected $616,052, 85% of production. Adjusted net income was $255,543. The buyer’s projected net income is $185,491.
- 1,500 Square foot building
- 4 Operatories
- Daisy software
- Adec equipment
- Lab, sterilization
- Private and business offices
- Staff lounge and consult room
- Private parking lot (9 spaces)
- $616,052 Collections 2018
- $185,491 Buyer’s projected net income
- 2,547 Active patients
- Average 10 new patients/mo.