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BUSINESS REFERENCE : trb.1303 / RightBiz PRIVATE MEDICAL PRACTICE -MIDLANDS | | | | | | Private Medical Practice (Consulting Only) Est 26 Years, Only Practice of this kind in the Region Full Healthcare Commission Registration Full Access to Pathology, MRI & Other Services Patient Database of circa 24,000 2 Practicing Doctors (Part-Time), 4 Reception/Clerical/Administration Staff Excellent Reputation Among Public & Peers | | | BUSINESS LOCATION: | Undisclosed West Midlands UNITED KINGDOM | | BUSINESS SECTOR: | Care | | TRADE TYPE: | Other | | SELLER: | Agent Sale | LEASEHOLD: | £550000 | ANNUAL RENT: | £25000 | | | | | | | | | | | BUSINESS DETAILS: | Established for over 26 years, the business is the ONLY full time, wholly independent Primary Care Practice in the West Midlands. The practice provides general family medicine and also advice and treatment for the menopause, childhood and adult vaccines. The Practice is fully registered with the Healthcare Commission (HCC). HCC Inspection Reports for the last 3 years show that all HCC standards have been fully met with a total of seven commendations and now has a 5 year exemption from HCC Inspection. The practice has no affiliation with the NHS. It is not designed to replace the NHS but as a medical service providing clients with an opportunity to obtain a second opinion, facilitate specialist referral, and access aspects of medical care that are not readily available from the NHS or are subject to lengthy delays or long waiting lists. Excellent relationships have been developed with a large number of medical consultants, plus many other professional medical organisations nationwide.
This is the only practice of its kind in the region and there is genuine potential to expand the service, whether in the current location or through additional practices. There are 200 or so similar practices in the London area, but only 12 or so outside of the London area which demonstrates the scope in the marketplace for this service.
Over the years the practice has grown to the current level of fee income in excess of £400,000 per annum. The current patient database comprises circa 12,000 children and 12,000 adults. The practice is heavily reliant on the staff, all of whom are dedicated, well trained professionals with years of experience in the private sector. The demand for childhood vaccines in particular is immense. There is documented historical proof that advertisement and marketing have worked extremely well in the past. To date, the Practice has adopted a reactive approach and a more proactive marketing effort would inevitably lead to significant growth in the business.
A purchaser would have every opportunity to diversify into any area of medicine and develop the existing practice to its’ full potential. The practice does not carry out any insurance or corporate work and this is an additional area an acquiring party could readily move into. The practice is now offered for sale through The Business Partnership due to the retirement plans of the owners. The practice would be of interest to a medical practitioner or as a corporate acquisition. The owner and “Independent Provider” need not necessarily be a medical practitioner. | | | | | BUSINESS STATUS: | FOR SALE | | | | | CONTACT: | THE BUSINESS PARTNERSHIP | | TELEPHONE: | 02476 343561 | | REFERENCE: | trb.1303 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
