Transaction Update: Medical Practice Sale Tulare County California

JUST SOLD: Outright acquisition of an Internal Medicine Practice for Sale in Central California, Tulare County. Highly profitable solo practice with annual collections of ~$740,000+ with net income in excess of $520,000. Providing multi-site care in outpatient, inpatient, and skilled nursing care facilities. Ample medical office space in a newer-built professional medical building with convenient access to a nearby regional hospital. Payor mix well distributed between Medicare, PPO, and HMO insurance. Qualifying for increased HPSA designated regional area reimbursements with quarterly 10% Medicare incentive bonus. 100% medical practice financing was secured for this transaction.

Hammer Museum Forum on Health Care Reform

It will be interesting to see the effect of health care reform on the valuation of medical practices and the sale of medical practices. Reform touches on numerous areas which can impact practice valuation and ultimately affect the purchase, sale, and merger of these healthcare business entities. I will be attending a forum on Wednesday at the Hammer Museum in Los Angeles entitled: Health Care Reform - Government Takeover or Corporate Welfare? I've attended some of these events at the Hammer Museum in the past and they've been very informative. The speakers are usually very accessible, which is great for getting your questions answered.