Medical Practice with Real Estate

  • List Price: $155,000
  • Sales: $328,445
  • Adjusted Income: $108,789
  • Down Payment: NA
  • FFE Values: 10365
  • Inventory: NA
  • R.E. Value: NA
  • Location: Utah
  • Category: Health / Medical

This practice provides primary care medical services to adolescent through geriatric patients. The office-condo space is ideal for 1-2 providers and has a procedure room equipped for minor in-office procedures, such as skin lesion removals.

Most of the patients come from the surrounding suburban area, although the practice’s reputation for treating thyroid issues brings patients from multiple counties and a few from other states.

The current physician’s vision is to provide medical care that is truly patient-centered and not governed by corporate policies, treating patients as individuals and families rather than as numbers. They leave time for acute appointments so that patients generally need not go elsewhere when they are sick. The staff — a full-time medical assistant and a part-time receptionist — knows the patients and can allocate the appropriate amount of time to meet their individual needs, creating long-lasting and valuable relationships that keep billing delinquency rates lower than average.

The practice is positioned in an area of business growth, with many new patients coming from multi-state employers who offer national health insurance plans, some of which are not widely accepted in the local area. As most of the new patients come from either patient referrals or insurance websites, there is a great opportunity for growth with the potential addition of a company website or other more active advertising.

The office-condo is for sale along with the practice for an additional $370,000 and comprises a reception area, 2 treatment rooms, breakroom, procedure room, lab and restroom in 2,182 sf.

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