Southern San Diego Area Physical Therapy Clinic – Attractive Financial
San Diego, CA (San Diego County)
This Southern San Diego area physical therapy clinic has been in operation for more than 16 years. It serves a diverse community with patients that are often native English and Spanish speakers and reside with a 10 mile radius. The clinic provides service to between 40 and 60 patients daily via its highly trained personnel that include an office manager, 2 office staff, 2 aides and 3 physiotherapists (one of which is a contractor on call for overflow). The clinic’s collected fees per full-time physical therapist exceed the $200,000 - $300,000/year national average. The clinic outsources billing and pays 8% of the collected reimbursements. Most of the facility’s reimbursements come from Medicare (70%) and Medi-Cal (30%), PPO’s with limited amounts from Workmen’s Compensation Insurance.
This clinic operates out of a 1,660 square foot facility that leases for $2,617 per month on a lease that a buyer may retain if they choose to. Otherwise, they may relocate the facility. All of the business’s furniture, fixtures, equipment and permitting will be included in the sale, including its National Provider Identifier number (NPI) as it’s a covered entity under HIPAA. As the clinic provides transportation services for patients its 2010 van will also be included in the sale.
Competition exists, however this clinic has been a community staple for years. With it being an incumbent physical therapy clinic in the area coupled with its reputation for exceptional service, the great referral source network it’s developed and its solid patient flow, this business has a competitive advantage.
New operators may wish to take this well-established clinic in any number of directions.