Tennessee Pulmonary/Sleep Practice For Sale – $1.1M Annual Gross Revenue
Annual Gross Revenue: $1.1M
Asking price: $1M
Busy 31-year old Tennessee Pulmonary/Sleep Practice for Sale provides pulmonary and lung function evaluations, sleep study evaluations, EKG, x-ray, ultrasound, cryotherapy, mini surgeries and joint injections. The practice averages 35-45 patients per day in clinic plus 15 sleep studies/PFT readings daily.
Physician/Owner; two Physician Assistants; three Nurses – all PFT-trained with two licensed x-ray; and one Front Desk. Staff is willing to remain and assist in smooth transition. Billing is outsourced to a third- party service.
The Tennessee Pulmonology/Sleep Practice office space consists of 10,000 square feet with 16 patient rooms and several administrative offices along with ample front desk/waiting area, storage, restrooms and breakroom facilities. Monthly rent is $2,000.00 with no lease expiration. Equipment includes a digital x-ray unit, one high-end, Morgen Scientific Pulmonary Function Body Box, one EKG, and one cryotherapy unit. Ultrasound services are provided by a third party and paid per diem. The practice uses Athena for electronic medical records management.
The practice currently has additional sources of income of $3,000.00 per month for two preceptorships from two nearby clinics plus $100,000 per year from sleep studies/PFT evaluations.
The practice has a strong referral base in place and a well-known reputation. Tremendous opportunities for expansion. The surrounding four counties do not have a sleep clinic or pulmonologist. Current offices hours are Monday through Thursday. Additional streams of revenue include adding sleep clinic facilities, adding one or two additional pulmonologists on staff, expanding hours of service to Friday and Saturdays, considering hospital rotations and adding nursing home partnerships to patient base.
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 appraisal and pre-and post transaction consulting.