Annual Revenue – $4.4M
Sales Price – $2.2M
Are you ready to own a thriving medical practice with a solid reputation, loyal patient base, and decades of success? This highly specialized retina practice, established in 1991, offers an exceptional opportunity for a new owner to step into a well-established, turnkey operation. The practice has a payor mix of ~80% Medicare, ~5% Medicaid, and the remainder commercial insurance with a patient base primarily consisting of elderly patients with diabetic eye disease, macular degeneration, and other retinal disorders.
The 1,800 square feet office space is a class B building in the prime area of the Greater New Orleans Metropolitan, recently renovated, with a professional and inviting interior. The office space features 3 fully equipped exam lanes, a laser room, a private physician office, front and back waiting rooms, front desk area with 6 computer stations (4 are new), a staff bathroom (patients use common area bathrooms by the elevators) and ample parking. The current lease is expiring in October 2026, with flexible exit options (3-month notice with a 3-month penalty).
Annual Revenue
$4,400,000
EBITDA
Info to come
Practice Size
1,800 sq ft
Staff Size
5
This practice features state-of-the-art equipment to support a wide range of retina services:
- –Heidelberg Imaging System: OCT, fluorescein angiography, autofluorescence, and more.
- -Yellow and Green Lasers: Micropulse and direct/indirect applications.
- -Photodynamic Therapy System: Laser and IV infusion pump.
- -Retinal Cryotherapy Equipment
- -Ultrasound: Only two years old
- -Comprehensive tools and medications for intravitreal injections, the most common procedure performed.
The staff are willing to remain for a smooth, turn-key transition. The current staff includes a Practice manager, 3 Technicians (1 part-time), and a Front Desk/Authorizations Specialist. The practice offers competitive salaries, a 401K, and health benefits for eligible employees. The practices uses Nextech’s EMR, the leading retina-specialist system in the U.S., and the Practice Management Software, AdvancedMD, an efficient billing and patient management system.
The practice thrives on patient referrals and word-of-mouth from ophthalmologists, optometrists, internists, and diabetologists, as well as loyal, satisfied patients. With personal touches like patient-specific letters and holiday cards, it maintains strong relationships and high patient satisfaction. Renowned for exceptional care, the practice is a go-to for treating like diabetic eye disease, macular degeneration, retinal detachments, and more. With its stellar reputation and solid referral network, there’s tremendous growth potential with enhanced marketing efforts!
For Sale Price
$2,200,000
Financing
100% Bank Financing Available
Location
Greater New Orleans, LA
Practice Type
Retinal Care
This practice has significant opportunities for expansion such as:
- -Adding Providers: The addition of a younger physician or associate could increase patient volume.
- -Marketing and PR: Developing a more robust marketing strategy could strengthen referral networks and expand the patient base.
- -Enhanced Services: Potential to diversify services with complementary ophthalmology offerings or targeted pediatric retina care.
Investing in this turnkey, full staffed and operation practice with efficient systems in place and an established reputation of over 30-years of trusted care and a loyal patient base is a prime opportunity. With state-of-the-art equipment and all the necessary tools for advanced retina care, this practice offers a scalable opportunity with a strong foundation with ample room for growth for a motivated buyer. Take the next step in your career by acquiring a practice with a legacy of excellence and untapped potential.
Contact us today for more details and to schedule a confidential discussion.
100% Bank Financing Available with approved credit. Please inquire.
For details on this medical practice for sale opportunity or for more information on How To Sell Your Medical Practice, please call 512-659-0643 or email: info@tinsleymedicalpracticebrokers.com
Medical Practice Brokerage, Performance Consulting and Financing Solutions
This medical practice for sale opportunity is offered by Tinsley Medical Practice Brokers, a medical practice appraisal, medical practice brokerage, medical practice performance consulting and medical practice financing firm. Our group is a leader in physician consulting, business development, financing solutions and medical practice valuation and pre-and post-transaction consulting.