Occ Health / Urgent Care Clinic

Location: United States -> Alaska -> Fairbanks
Industry: Health and Medical > Medical Clinics

This Alaska based business is a very profitable urgent care / occupational health clinic located in the heart of beautiful Alaska and the staging point for the current oil pipeline and the soon to be built natural gas pipeline, which will result in significant growth and revenue potential.

This full service ”walk in” urgent care clinic, which also specializes in occupational medicine, is open from 7AM – 10PM Mon-Fri and10AM – 7PM Sat and Sun (no nights or ”on call”). and includes:
– Treatment of acute minor illness and injury
– DOT Physicals
– Substance abuse testing and monitoring
– Breath Alcohol Testing
– Urine Drug Screen collection
– MRO Review
– Post Accident testing
– Heavy metal / pesticide testing
– Asbestos exams
– Pre-employment physicals
– Work related injury / illness
– Lab, X-ray, & E.K.G on site
– Surgery
– Orthopedics
– Diagnostic procedures
– Physical Therapy

All equipment and inventory go with the sale. The clinic is in a leased building, currently occupying 8,265 square feet, at a lease rate of $2.20/ sq ft. Additional footage, for expansion, is available and the lease is transferable. Utility costs are included in the lease.

The two owners, who founded the Medical Center in 1998, are Medical Doctors and share the administrative duties but only work one shift each per month. One partner is willing to remain active in the business and the other, although retiring, is willing to work through a transition period.

This is an established high volume, high revenue, high profit Urgent Care/Occ Med Center, with an excellent payer mix, great reimbursement, increasing area census and no managed health care. A significant amount of the patients are return visits and occupational health issues as dictated by employers. It is highly respected in the community and is run much like an E.R. with aggressive outpatient management. The Medical Center has 26 full time and 8 part time employees.

Financials

Asking Price Range: $5.0M – $10.0M
Gross Revenues: $4,000,000
Cash Flow: $950,000
Cash Flow Type: EBITDA
Inventory: $100,000
Seller Financing: Yes

About The Business

Year Established: 1997
Number of Employees: 20 – 34
Relocatable: Not Disclosed
Franchise: No
Current Real Estate: Leased
Property: Property For Lease

About The Sale

Management Training and Support: Yes.
Reason For Selling: Retirement.