Annual Gross Revenue: $1,860,000
EBITDA – $723,000
Location: Riverside County, Southern California
Size: 2,750 sq ft
Established: 30+ years
Are you a healthcare professional looking to acquire a well-established pediatric medical practice in the well-sought after region of Southern California? This highly regarded practice, specializing in pediatric care from birth through 18 years of age, offers a unique opportunity to expand your presence in a growing community. With over 30 years of history, this practice has served generations of families and has built a strong reputation for delivering personalized, compassionate care.
This pediatric practice provides a comprehensive range of services, including regular health and wellness checkups, age-appropriate vaccinations and immunizations, developmental monitoring (physical, emotional, and social), diagnosis and treatment of illnesses, injuries, infections, and chronic conditions as well as in-office procedures, including hemoglobin and urinalysis tests, audiometry, vision screening, earwax removal, suture removal, fluoride varnish applications, and fracture splints.
The practice integrates advanced technology and tools to enhance patient care, utilizing Electronic Medical Records (NexGen) and interfacing capabilities with hospitals and other medical facilities via MEDEX. The office is currently undergoing technical upgrades, including improved internet speeds, updated security systems, new phones, and internet-based fax systems.
This practice is staffed by a dedicated team, ensuring smooth day-to-day operations. The core team consists of a Part-time Pediatric M.D., two Medical Assistants that work the back office, two Front Office Receptionists, one In-house Biller, one Office Manage and an I.T. Consultant on a monthly retainer for technical support. With an average patient load of 30-35 patients per day, the practice operates efficiently while maintaining a personal touch in patient care. The owner welcomes the opportunity to bring in a Pediatric Nurse Practitioner to help meet the growing demand for services.
The practice has a diverse insurance breakdown, offering stability and growth potential. The current breakdown is:
- Medicaid (Fee for Service) – 5%,
- Medicaid (HMO – IEHP, Molina) – 70%
- Commercial HMO – 10%
- Cash/PPO – 15%
Recent developments in Medicaid Capitation, starting January 2024, offer additional revenue opportunities, including an increase to $20/member/month and anticipated backpay. In addition, well-check and office visit rates are scheduled to increase, and Pay for Performance incentives are available to further enhance revenue.
The practice also offers significant growth potential by increasing provider capacity. With two full-time pediatricians, daily patient visits could easily double to 54-70, providing a clear path for expanding revenue and patient volume.
This Riverside County practice occupies a 2750 sq. feet office space with four fully furnished exam rooms, two doctor’s offices, a lab, a manager’s office, a well-baby reception area separate from the welcoming reception area, a large storage area that includes vaccine fridge and freezer, a small storage area, an employee break room and a reception’s office. The lease agreement is currently month-to-month, offering flexibility for future negotiations or relocation. Located adjacent to a hospital, with radiology services, a pharmacy, and a bus stop conveniently nearby, this practice is optimally positioned for patient access.
This pediatric practice has a long-standing history of serving two generations of families, with a strong referral base and continued growth through auto-assignments from IPAs and health plans. The community’s high level of trust in the practice is demonstrated by frequent referrals from satisfied patients and their families.
If you’re looking to take over a thriving, established practice with loyal patients, experienced staff, and multiple growth opportunities, this Southern California pediatric practice is an ideal investment. Whether you are a pediatrician looking to expand your practice or an investor in the medical field, this opportunity provides a solid foundation for long-term success.
Contact us for more information or to schedule a visit. This practice offers both professional fulfillment and an excellent platform for financial growth.
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.