Dear Dr. Waxman:
Strogen & Associates, Inc. is a healthcare consulting firm that specializes in the valuation and sale of medical practices. I have personally been involved in more than eight hundred projects since 1982, assisting physicians with the valuation, sale, and acquisition of medical practices. Approximately 25% of these projects involved ophthalmology practices.
I currently represent an ophthalmologist who is interested in selling a practice located along Philadelphia's Main Line. A transition period is available.
This well-established practice has two well-equipped (e.g., Haag-Streit) lanes, as well as two unequipped rooms in this 1,185 square foot leased office. The physician refers major surgery and certain tests to other physicians in the Delaware Valley, so there is an opportunity to increase practice revenue. The practice does not participate in Medicare and the majority of patients pay directly at time of service, with accounts receivable being fairly minimal. Working less than a full-time schedule, the practice generated collections of $242,000, last year. The price, including furniture, equipment, supplies and intangibles is $120,000.
Should any of your residents have an interest in this opportunity, please have them contact me.
Strogen & Associates, Inc.
443 Lantern Lane
Berwyn, PA 19312