Urgent Care Startup versus Urgent Care for Sale

I recently read an article discussing urgent care practice start-up alternatives. Many of the options listed involved taking over or purchasing an existing underperforming urgent care center. The points made in the article were fair, but didn’t fully address the option of purchasing an existing urgent care practice with good cash flow. The “fixer upper” mentality may work for real estate but doesn’t always pan out for going-concern medical practices. Buying a successful urgent care practice may be one of the better options available to urgent care physicians. Acquiring a marginal, underperforming practice or converting another specialty practice into a high volume treatment center may cost more in the long run. It can take substantial time to build a location into a well-established practice generating sufficient profits to warrant the specific risk premium. Another factor to consider is the opportunity cost of foregoing better income while the practice is being built up. This is an additional risk added to the actual cost of investing into the practice. Buying an urgent care medical practice which is already proven and generates robust income from the onset may be a better option. This may involve paying a higher price point and taking a larger medical practice purchase loan but can be less risky and more profitable in a shorter timeframe. View one of our current listings: Urgent Care for Sale