$2.3M Revenue Occupational Medicine Clinic, WA

WAMED1A - $2.3 Million Revenue Occupational Medicine Clinic in Washington State

Company Overview
Broker is pleased to exclusively introduce an occupational medicine clinic for sale in Washington. The clinic was established more than 40 years ago. With a focus on treating work-related injuries and fostering a healthy workforce, the clinic provides a wide array of occupational medical services aimed at enhancing employee productivity and well-being. Services include physicals, medical testing, case management, DOT medical certification, FAA examination class I/II/III, employment exams, and employment programs

Financial Overview
The clinic’s payer mix is 60% client billed, 35% worker’s compensation, and 5% self-pay at the time of service. In 2023, they saw approximately 17,000 patients with a current average of 40 – 55 per day. They have agreements with around 300 companies for requested services, and they have a strong relationship with the local hospital.

In 2023, the clinic achieved gross revenue of $2.3 million with an adjusted EBITDA of $274,252 (11.8%). They expect to see similar results in 2024. The seller feels there is ample opportunity for growth because of the continued increase in the surrounding population, high demand for services, and growing referrals from local medical providers.

Staff Overview
The existing staff is expected to stay on post-acquisition, including a PA-C, ARNP, and administrative staff. The physician owner would like to retire but will assist during a transitional period.

Asking Price
The asking price for this opportunity is $1,100,000. The real estate is also available for sale at its current market value.