Profitable, Multi-modal Imaging Center in mid-Atlantic
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This profitable Medical Imaging Center in a prime location in a major metro city in the mid-Atlantic region, was established over 20 years ago and moved to its modern new location three years ago. This was the first imaging center in that locality. The center is currently part of a medical practice that provides rehabilitation and pain management treatment that includes traditional and holistic methods. The medical practice has three locations.
The Center is accredited by ACR (American College of Radiology) and accepts all major and quite a few smaller insurances. This center is truly cosmopolitan in its patient population and in its medical staff and serves the captive patient population from the practice. This modern facility has high field (1.5T) MRI and 16-slice CT machine, Ultrasound, X-ray and DEXA, and has room for additional modalities if needed.
The physician has decided to slow down from his busy professional activities and wants to carve out this center. However, he will continue to send his patients to the Center. Since the Center is part of the same entity where the physician’s practice is, this would have to be an asset sale and the ideal buyer would be one that has a presence in this state and can absorb this under its own corporate structure and payor contracts. The Center will continue to receive patients from the practice.
- Great location in under-served Community
- Profitable, no debt, all equipment fully paid for
- Modern building, corner location, in a busy area with a lot of foot traffic
- Most common modalities offered, room to add more
- Captive business from the seller’s medical offices – one in the same building
- As an IDTF Center, can immediately increase revenue and profits by accepting other patients
- There is no other free-standing Center in South of this center within the geographic area
Gross Revenue (2018): $1.37M (projected from 8 months)
EBITDA: 526K (from first 8 months financials)
Asking Price: $1.95M.
Center comes debt free – All equipment are fully paid for. Plus it will have built in referral source from the physician’s practice and as an IDTF, can accept outside patients as well and so can grow revenues and bottom line quickly. Opportunity good for only buyers who have center(s) in the state as the center belongs as part of the medical practice and hence would be difficult to transfer insurance contracts.
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