Link Business

Hunter Valley Medical Practice for sale - ‘Think outside the box’!

$450,000Hunter Valley - LowerListing: #NSW00545

About this business for sale

Hunter Valley Medical Practice for sale - ‘Think outside the box’!

With most GP clinics restricted by the freeze on Medicare, this practice is ‘thinking outside the box’ and working smarter not harder to achieve above-average results. With procedural work billed privately and at a higher rate, the skin cancer treatments, cosmetic services and minor surgeries that occur within this practice are all privately billed. The current owner is happy to support learning in these areas for the new buyer or alternately if the buyer has no interest in procedural skills, the current owner can continue to come up on a regular basis to undertake all vasectomies and all circumcisions.

With agreements in place with 3x of the local mines, there are a significant number of PEM’s undertaken at this practice. With 3x nurses to support the practitioner, 3x pts can be under process at any one time with a nurse in with 2x pts whilst the GP sees a 3rd pt in the tx room. The lighting in the Tx room is top-of- the-line, and all rooms have natural light high up. The building was architecturally designed and allows the GP + pts to have an easy flow.

Vendor is selling the MC business and will sell all of the freehold if the new purchasers wants to buy it or will hang onto it for a passive income. Freehold of the 5 units (4 downstairs and the 2-bedroom unit upstairs (being unit 5) on the market for $2M. 

Rent for unit 1/122 = $2520.44, unit 2/122 =$1833.33, unit 3/122 =$2083.33, and unit 4/122 = $2800 per month, all inclusive of GST all about to get CPI increase. Upstairs there is a 2 b/rm unit too which could be rented on a long term from the owner should a new buyer wish to live onsite.

Since July 1 the practice has increased their level B consult price from $70 to $75, lvl C from $95 to $100, medicals have increased by $20 ea (approx. 7%  and medicals for humanomics increased by 25% from $60 to $75. The MC costs have remained static; therefore, profit hitting the bottom line of this practice has increased significantly. The last months gross billings were $96,300 + the last quarter being $288,500. Some of the expenses have been reduced recently too to make the business more profitable. 

With a new GP registrar wkg at the MC now and another coming in after this one completes his term, there will be 2x GP at the practice for the majority of each week.  Only about 20% of the patients presenting at this practice are sick and billed through Medicare. The majority of pts are there for either an Occupational PEM or return to work appointment, or a procedure (skin cancer or minor surgery) so minimal sick pts! With DWS status in a RRMA 4 location, any Non- VR GP can bill at the higher A1 rate. Also, Drs restricted by both 19AA and 19AB can get a Medicare provider no# to bill patients through Medic are in this location!

Please get in touch with Sally Stuart in the first instance to discuss this great opportunity – 0437 082 045 or email Sally on sally.stuart@linkbusines.com.au for a confidential conversation about this established practice in the centre of the Hunter Valley, right on the wineries doorstop!  

#NSW00545
Broker: Sally Stuart
Mobile: 0437 082 045
Phone: 02 9899 1999

To complete an online confidentiality agreement visit this business at: http://www.linkbusiness.com.au/NSW00545

The purchase to make his/her own investigations and enquiries in relation to the business and not to rely upon warranty or statement made by the vendor or by anyone on his/her behalf.

Sydney
sally.stuart@linkbusiness.com.au
+61-2-9899-1999
+61 (0) 437 082 045

Sally Stuart