Remarkable Rural Internal Medicine Practice For Sale with Senior Lives

Odessa, TX

Seller Financing Available

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Asking Price:$695,000
Gross Revenue:$715,818
Established Year:1991
Cash Flow:$483,988
Rent:$2,628/Month
BUSINESS DESCRIPTION

Enter the Odessa Primary Care Market with this Respected IM Practice

The practice provides comprehensive care through office visits, muscle or joint injections when necessary, and flu vaccines while maintaining the highest ethical and professional standards. The founding physician and staff treat patients with respect and provide excellent care. The practice's payor mix comprises 65% Medicare, 24.5% commercial, 10% HMO, and 0.5% self-pay. The clinic draws patients from Odessa and nearby communities, including Midland, Monahans, Crane, and Kermit.

The local healthcare market shows high demand for chronic disease management, preventative care, and musculoskeletal treatments. With an established patient base and a reputation for professional, ethical care, the practice is well-positioned to meet these needs. The aging population and the prevalence of chronic conditions such as diabetes and hypertension further support the demand for internal medicine services in the area.

Odessa's healthcare market includes independent practices, multi-specialty clinics, and hospitals. This practice benefits from its long-standing presence and strong community reputation despite competition from larger entities. The practice’s growth through word-of-mouth referrals and insurance directories highlights its solid standing, but expanding its digital footprint may benefit future growth.


DETAILED INFORMATION
Location
Odessa, TX
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,250
Lease Expiration
30/08/2024
Employees
5
Facilities
This single-level, 2,250-SF medical office features a spacious waiting room with 18 chairs, 3 exam rooms, a nurses/MA station, a laboratory, 3 restrooms, and a staff lounge.
Financing
$140,000 to physician buyer on approved credit with acceptable offer.
Support & Training
The physician owner is willing to remain post-sale to ensure a smooth transition.
Reason for Selling
Preparing for retirement
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Shaun
Rudgear
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Shaun Rudgear