Gross Annual Revenue: $1.2M
Seller Discretionary Earnings: $585K
Sales Price: $1M
Well-established and highly successful 37-year-old Cape Cod adult primary care practice for sale located in idyllic Cape Cod, Massachusetts. This entrusted medical practice is affiliated with Tufts Medicine Integrated Network, with preferred access to specialty care at Tufts Medical Center in Boston. The medical staff prides themselves on offering advanced primary care services in a casual and personal atmosphere that meets with patients in person and via telehealth. The practice has a welcoming family feel, with many experienced staff having been with the practice for over 20 years.
Located near the only hospital on Cape Cod, Cape Cod Hospital, the hospitalists manage the care of the practice’s inpatients. In mid-2023, the primary care practice began offering its Medicare patients chronic care management services via Clarity CCM, an additional revenue source.
This practice helps to manage patients’ healthcare needs, whether simple or complex. It provides comprehensive primary care and preventative health services for adults, including managing chronic diseases such as hypertension, diabetes, emphysema, and asthma. They also offer preventative services, including annual physicals or Medicare Annual Wellness visits. The practice serves a loyal patient base, seeing, on average, 19 patients a day.
The office welcomes in-person patients into a spacious, sunlit, newly relocated office featuring a bright waiting room with floor-to-ceiling windows, 4 generously sized exam rooms, a well-equipped lab area, and private offices for providers and management. The practice is equipped with top-of-the-line technology, including eClinical Works EMR with AI features, portable EKG machines, and interactive patient information touch screens in exam rooms, ensuring efficient and patient-centered care. A very large parking lot includes accommodations for handicapped parking conveniently located near the front entrance. The current lease is set to expire on 11/30/26.
The experienced and dedicated staff include a full-time physician, a full-time NP-C, two medical assistants, a referral coordinator and front office manager, an additional front office employee, a general office manager. The staff is willing to remain for a smooth transition, and the physician is willing to remain as an employed provider.
The medical practice has recently transitioned to a new billing service with a 4% collective fee, leading to a 2% overall savings. There is room for expansion with the now full-time NP-C, who joined in mid-2023 and is continuing to accept new patients. This well-established and reputable practice in the heart of Cape Cod has remained busy serving patients with organic word of mouth and referral-based marketing. There is the potential for immense growth for a savvy investor willing to expand with targeted marketing efforts.
100% Bank Financing Available with approved credit. Please inquire.
For details on this medical practice opportunity for sale or 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. For more information:
Sean Tinsley
Tinsley Medical Practice Brokers
http://tinsleymedicalpracticebrokers.com
info@tinsleymedicalpracticebrokers.com