Listing Number: 95371-691489
Description
A well-established cardiovascular medical practice has operated for over 30 years in Southern California. It specializes in internal medicine, advanced diagnostic cardiology, and Enhanced External Counterpulsation (EECP) therapy—the latter delivered through a dedicated center with robust research operations. Founded in the early 1990s, the Practice has evolved into a cornerstone provider of internal medicine and cardiovascular services within its region. Approximately 14 years after its founding, the Practice established an affiliated EECP therapy center, which now serves as one of the most comprehensive outpatient facilities of its kind on the West Coast. The Practice is led by a seasoned interventional cardiologist (Medical Director) with over four decades of experience. This individual holds board-level internal medicine and cardiology credentials and has received multiple prestigious industry awards recognizing both clinical and compassionate excellence. Located in the heart of Orange County, CA, it is in a facility that is a modern, multi-level medical complex (approx. 15,000 sq ft), with around half dedicated to EECP therapy. It houses both general internal medicine/cardiology services and the specialized EECP center. The Practice has an amazing staff that operates the Business with 21 dedicated employees with an average tenure of more than ten years with the Company.
The Business has very reliable and steady Revenues which averaged around $3,019,000 over the last three years, and incredible EBITDA Margins at $1,315,000, or 43.5% of Revenues over the same period.
The owner of the Business also owns the facility and is open to selling both to the right buyer. After over forty years plus of practicing, the Owner is preparing to retire and is ready to sell the Practice while remaining open to continuing to work for the Buyer for one to three years post close, making this an amazing opportunity for the right buyer to buy a great business, with steady revenues and cash flow, a veteran staff, and to retain the Seller on staff to continue to treat patients, help with employee retention, and insure continuity of business post close.
For more information, please contact the lead Business Advisor, Chris Beckman, by emailing him at cbeckman@tworld.com, or by calling our office at (714)-824-4492. Please note; the sale is confidential. All interested buyers will be required to sign the CABB Non-Disclosure Agreement and complete a confidential buyer profile to screen for relevant experience and a buyer’s personal financial statement before any confidential information will be shared.
Listing Details
- Price: $4,874,708
- Down Payment: $974,942
- Sellers Discretionary Earnings: $1,497,044
- Total Sales: $3,177,096
- Location: Orange County, California
- Inventory: $0
- FF&E: $450,000
- Employees: 21
- Year Established: 1993
- Reason for Selling: Retirement
- Category: Medical Related Biz
