Cardiac And Imaging Center In North East For Sale

Business description

Very Well-Established, Profitable and Reputable PET/CT Center and Cardiac Center in North East is available for sale. It is in a desirable, busy location with limited competition.

This is an excellent opportunity to acquire three businesses under one roof, and the building that houses it. The Center is in a very busy, desirable urban area. The three businesses are:

- PET / CT Center
- Cardiac Center
- Sleep Center

Ideally, these businesses and real estate can be bought as one unit, but they can be split up so that the buyer can buy either the PET/CT center or the Cardiac Center with the Sleep Center, if the buyer so chooses. The buyer for either business can buy the real estate or optionally it can be leased.

All three businesses are owned by a cardiologist who has been running this center for over twenty years. Each of these businesses has excellent profitability and has built a solid reputation. There is minimal competition to the business in surrounding areas

The businesses are accredited by ACR and ICANI.

Big Growth Opportunity for the Right Buyer
=================================

Currently, the PET / CT imaging center is primarily used to serve patients of its Cardiac Center for cardiac evaluations. With the busy and very profitable cardiac center of the cardiologist / owner, the imaging center is not being marketed for external services. However, as a stand-alone center, the new owner will be able to market the services externally and as a result could potentially double the volume of business.

Additionally, currently the imaging center is not able to accept some of the important insurance carriers in the area and as a result, losing significant business to those centers which can accept these insurances. If the buyer has these insurance contracts in place, then that would potentially double the volume of the business as well.

SERVICES
============

The businesses offer following services:

Computed Tomography Angiography (CT Scan)
Positron Emission Tomography (PET Scan)
Calcium Score Test
Cardiac Catheterization
Dizziness Evaluation
Doppler Study
Echocardiogram
Electrocardiogram (EKG)
Evaluation of Risk Factors for Coronary Artery Disease
Nuclear Stress Test
Pacemaker Evaluation
Pharmacological Stress Testing
Pulmonary Function Test
Stress Test
Sleep studies

Facilities
=========

The center is housed in a 4-story building with a total area of 4,800 square feet. It went through $1.2 million in upgrading and build-out costs. The building is valued at ~$3 million and is available for sale at the currently appraised value.

Employees
==========

The business employs 10 full-time and 14 part-time employees between the three businesses.

Assets
=========

• GE PET / CT 16-slice scanner was purchased in January 2006 for $2 million. Its current value is estimated at $1.1 million.
• Facility build-out and upgrading - $1.2 million

Note that there will be no debt to the buyer

Reason for Selling
=================

The owner/founder has been very successful in running this business for over two decades now want to pursue other interests.

Financials
===========

Gross Revenues (2010): $5.96 million Total. Cardiac Center: $3.49 million, PET/CT Center: $2.26 million, Sleep Center: $204k

Seller Discretionary Cash Flow (2010): $1.82 million Total. Cardiac Center: $1.45 million, PET/CT Center: $326K, Sleep Center : $42k.

Asking Price: Cardio Center : $4 million, PET/CT Center: $2.5 million, Sleep Center : $250k, Real Estate: $3 million.

Property information

Real Estate:

Real Property Included

Other information

Furniture / Fixtures value:

$2,300,000 (included in the asking price)