Dual Specialty Medical Practice In Albany County For Sale

Business description

The practice offers two distinct medical specialties, pain management and adult medicine.

Pain treatments therapies are offered for back and neck pain caused by herniated bad disks or pressure on nerves, complex regional pain syndrome (AKA; CRPS I and II, reflex sympathetic dystrophy; RSD), muscle and joint pain/extremity pain, shingles/post herpetic neuralgia, neuropathies, certain headaches related to neck problems, occipital neuralgia, etc..

The adult medicine portion of the practice is operated by a an individual who has been a physician since 1974, and board certified in Internal Medicine. This solo internal medicine practice serves patients age 16 and over. Strong emphasis is placed on providing: high-quality care, preventive medicine, close follow ups, short wait times in the office, prompt office visits, patient education, and friendly but professional patient relations.

Property information

Real Estate:

Lease

Premises details:

The practice operates out of 2,777 square feet of leased office space in a professional office building in Albany, New York. The premises, which includes five patient exam/procedure rooms, two private physician offices, a large reception area, equipment and supply storage areas, employee kitchen/lounge, and private washroom, are in excellent repair with no deferred maintenance. Patient parking is ample, well-paved and lighted.

Business Operation

Expansion potential:

There is substantial opportunity for growth in pain management as the primary physician only spends about half-time in the practice, with the balance of his time spent as a facility contracted anesthesiologist. In addition, other therapies such as EMG, which are currently not offered, could be added to increase overall revenue and profitability.

Reasons for selling:

Retirement or semi-retirement of the principal physicians.

Employees:

6

Years established:

10

Other information

Support & training:

The owners will stay on for a mutually agreeable and reasonable period of time, to train new ownership and to promote a smooth transfer of the practice.