Occupational Health Clinics – “On the Job” Injuries

For over 15 years, this multi-location practice has been providing care for Work Comp screenings and accidents, treating on the job injuries, DOT physicals, drug testing, and pre-placement screening in Elkhart, Indiana. Buyer does not need to be a doctor; the owner is 100% absentee and lives in Mexico! Their team of 19 includes 1 Business Development Manager, 3 Providers (Nurse Practitioners), 3 Billing Reps, 10 Medical Assistants, and 2 X-Ray Techs. A 3rd location is fully equipped and ready to open as soon as the staff is all trained. Included in the purchase, a buyer would be in receipt of 2 vehicles, medical equipment valued at $405,000, plus A/R and unbilled receivables of $1,220,000. This practice does not have any hospital affiliations. There is little to no competition in the area, outside of expensive hospitals. As a show of good faith and vested interest in the ongoing success of the company, the owner will carry 25%. Boasting a profit margin of 44%, the numbers speak for themselves! Priced at $4,900,000, this business is a passive opportunity with exponential growth opportunities requiring minimal additional resources to be expended. Important Notes: • Elderly Seller with only 2 years of Quick Books. Very unlikely a Quality of Earnings report will be able to be completed. • SBA will only be available if a buyer puts down 15-20% • There is a larger than normal A/R and unbilled Revenue. • The owner lives in Mexico.