Utah Rheumatology Practice For Sale – Two Clinics Total Annual Revenue – 2017 $6M, 2018 $8M
Annual Gross Revenue: $3.9M
Asking price: $2M
Well-known 25-year old Utah Rheumatology practice for sale consisting of two clinics including a flagship clinic located in Provo and a satellite clinic located in Spanish Fork. The area is tremendously underserved with qualified rheumatology services and therefore provides room for exponential growth. The practices currently have a one-month wait list. Utah County and the surrounding areas are experiencing rapid growth with the booming “Silicon Slopes” business sector resulting in a thriving economy. The Provo-Orem metropolitan area is one of the fastest growing areas in the country.
The well-trained and dedicated staff includes one Rheumatologist, three Nurse Practitioners, one Laboratory Supervisor, one Radiology Tech, one Ultrasound Tech, four Medical Assistants and numerous support staff willing to remain as employees and assist in smooth transition.
The flagship Provo Utah location has 4500 sf of leased space with six exam rooms, two procedure rooms, ancillary services including CLIA lab, X-ray, Dexa, two ultrasound rooms, a three-chair infusion suite, a business office and an admin office. The satellite Spanish Fork clinic has 2500 sq. ft. of leased space with five exam rooms, one procedure room, a three-chair infusion suite and a lab draw station. Each location averages 60 plus patients per day. Fully-integrated eClinicalWorks electronic medical records system with excellent collections.
The practice has been professionally managed by Medical Management, Inc. (MedMan) since 2017.
The boom in Utah’s “Silicon Slopes” refers to a cluster of software, information technology, digital services companies, hardware manufacturing, security firms and research and development firms along the Wasatch Front. Companies include Qualtrics, Adobe, Domo, Ancestry, Owlet, Chatbooks, Vivint and many more.
Provo is the third largest city in Utah located 43 miles south of Salt Lake City. Provo is the largest city in Utah County. Spanish Fork is located about 15 minutes south of Provo.
The current rheumatology practice focuses on rheumatoid arthritis, osteoarthritis, psoriatic arthritis, joint pain, lupus, gout, juvenile arthritis, tendonitis, musculoskeletal pain, scleroderma, Sjogren’s syndrome and tendonitis. Multiple opportunities for expansion include adding additional rheumatologists, expanding operating hours, and acceptance of additional insurances.
100% Bank Financing Available with approved credit. Inquire below.
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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.
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