Physical Therapy Practice For Sale
Northern California Resort Area near San Francisco and Sacramento
Earn $500,000+ per year!
Purchase of the practice pays for itself with extra income!
Why work for someone else for less???
PRACTICE DETAILS
This physical therapy practice for sale is very busy, with need for an additional therapist at some point, unless the new owner wishes to work full time. Much of the income from this physical therapy practice for sale is because of profit from the employed PTs and PTAs. A disabled PT could own this practice, hire additional PTs to replace the hours worked by the current owner, and still earn over $400,000 per year! The well-designed office shows pride of ownership, is in an attractive and modern building, and has ample parking!
The office is ideally suited not only to a PT, but also to a chiropractor, orthopedist, or physiatrist wishing to have a facility with PT as an ancillary service.
The prime location is in the heart of a very desirable resort area known for its recreational activities.
FINANCIAL DETAILS
2007 COLLECTIONS $1,300,000
2007 INCOME ~$570,000 - including owner's compensation
for labor as a PT, plus benefits
ASKING PRICE $1,200,000
or best offer. Independent appraisal available.
TERMS: Bank financing available to qualified borrowers. The
practice pays for itself from extra income compared to a salary for the same
schedule!
TIMING: Available immediately. Seller's immediate exit or
phase-out will be coordinated with Buyer's desires.
PHYSICAL THERAPY CORPORATION OWNERSHIP BY A LAYPERSON
Can a layperson be a shareholder in a physical therapy corporation?
"The Physical Therapy Board of California (Board) has determined that
the offering of physical therapy services by a corporation, which is not organized
as a professional corporation is not prohibited by the Physical
Therapy Practice Act. This is interpreted to mean that such a nonprofessional
corporation may employ or retain licensed physical therapists to provide physical
therapy services. Laypersons may own all or part of the shares of such a corporation."
The above excerpt was taken from the PT
Board's web site.
If you scroll down to the section "Corporations" and click on this
link
Physical Therapy
Corporation Ownership by a Layperson you will find the full text from
which the excerpt was taken.
As a caution; some insurance networks like PTPN will not
include clinics not owned by PTs.
"If the new owner qualifies for PTPN membership (i.e. therapist-owned,
Medicare certified, continuing education and staffing requirements are met,
etc.) then yes, PTPN will transfer the membership at the request of the parties.
New owners of existing member practices have first call on the membership
prior to any practices that may be on the waiting list in that geographic
area. This is because the value of the practice includes the PTPN contracts
and member services."
-Source PTPN.com
But just because your are not contracted with
PTPN does not mean your cannot contract with the insurance companies directly
as all the non-PT owned clinics do all over the country!
A full description is available to
qualified applicants
by signing and returning a Confidentiallity Agreement
available by clicking here.
Please identify this practice on the form as "NorCalPT"
Phone or email Seller's Representative,
Keith Borglum at Professional Management and Marketing
at 707-546-4433 with questions or to make an offer.
(but I can't say much more without that signed Confidentiallity Agreement
in hand)
email
All facts provided by seller to broker are deemed reliable, but Buyer is to verify all information prior to purchase. Broker Lic #00767129