Private Outpatient Psychiatry Practice - Branded- 2 Locations

Excellent Opportunity for Psychiatrist or MSO

Location:

Norfolk County, MA

Real Estate:

Owned

Included in asking price

Building SF:

1,026

Facilities:

The practice operates from 2 locations with private office capacity for 6 full time providers (3 in each location), as well as adequate waiting areas and Administrative support space. Office 1 is leased space of 1050 sq. ft. and Office 2 is an owned Condo of 1026 sq. ft. Facilities are tastefully decorated with an inviting environment. Technology is up to date (all Windows 11) and managed and supported by strong outside service. Phones are VOIP on RingCentral. PM/EHR are workable. Well managed website provides ongoing patient inquiries

Competition:

Psychiatry and Behavioral Health services continue to show strong demand. The practice is not able to accept all the people that call for appointments. While there is competition, especially from the larger private equity funded organizations, the personal, local care provided by MD Psychiatrists, coupled with acceptance of most major insurances, differentiates the offering.

Growth & Expansion:

There is much room for growth, most directly by adding Providers (Psychiatrists/NP's/Therapists) and potentially locations. Virtually all of the processes and systems are scalable. Additionally there could be opportunity to add: TMS, Spravato and ketamine therapies, Addiction/ Dual-Diagnosis treatment, as these services are not currently offered.

Financing:

Purchase RE (Office Condo), Finance Practice over 24 Mo @ 6.5%

Support & Training:

Selling Psychiatrist will transition patients and provide practice management training for 60 days.

Reason for Selling:

Retirement