||Employees||2 full, 4 part
* Included in Asking Price
Rare opportunity to own an established and reputable physical therapy practice that has been in business for nearly forty years. The practice specializes in helping people get back to healthy and active lifestyles through an innovative approach to treatment and rehabilitation. They have been delivering skillful physical therapy that prevents surgery, restores functioning, reduces or eliminates pain, and help patients return to full health.
The practice focuses on the full suite of common physical therapy services like lower back pain, spine, shoulder and rotator-cuff injuries, knee disorders as well as sprains and strains of various types. However, they stand apart from other practices by specializing in niche areas to treat ailments like TMJ, headaches, head and neck impairments, orthopedic issues, and related musculoskeletal conditions. The staff commonly works with athletes, musicians, and those seeking general wellness and weight loss solutions as well. The practice receives referrals from dentists, oral surgeons, general practitioners, ENT physicians, orthopedic and neurosurgeons, head and neck surgeons, and speech pathologists as a testament to the quality of care and outcomes they provide.
The outpatient rehabilitation market in the United States is growing at ~5% annually with small, local physical therapy practices composing a majority of the providers nationwide. Given the aging and active U.S. population, the demographics favor a sustained growth in patients seeking or requiring physical therapy services. Also increasing numbers of Americans who engage in fitness regimens, coupled with increasing numbers of weekend warriors, is driving increased demand for physical therapy and rehabilitation treatments across the country. With pressures to lower patient costs across the board, private insurers and government health programs are increasingly turning to high quality outpatient service providers like this practice to treat patients. The sale of this business represents a unique opportunity to take over an established and respected operation. Perfect for a therapist looking to step into success with their own practice or firms looking to expand upon existing enterprises.
|Facilities:||The physical therapy practice is located in a two story office building with other professional businesses including other medical/health and wellness offices. The business is conveniently situated in a densely populated area of suburban Baltimore just off a major thoroughfare.|
|Competition:||There is standard competition for the market, but this business has been established for ~40 years and has excellent brand recognition in the area. The current owner also has developed a strong referral network with nearby providers, businesses, and community organizations, which helps generate new clients.|
|Growth Potential:||There is ample opportunity to grow and expand this business. The industry has seen significant growth in orthopedic and physical therapy over the last decade. This trend is expected to continue as employment of physical therapists is projected to grow by 35% through 2024* as baby boomers age and continue to stay active later in life. This business is poised for continued growth and ready for a new owner to build on the successes of the founder. *Source: Bureau of Labor Statistics|
|Training/Support:||Seller will provide necessary training and support.|
|Seller Financing:||Available depending on the final purchase price, terms and qualifications of the buyer.|
|Sale Reason:||Owner is retiring.|
Seller Reference #HZ320AS
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