“Very skillful in overcoming unexpected challenges.”

Zuhair Qazi
President, Sober Clarity


“Vasilis worked tirelessly to maximize the price of my business and helped protect my interest. ”

Robert Gutierrez
CEO, Brightstar Care Thousand Oaks


“CrossRoads accomplished what two other Brokers before couldn’t. Very professional and skilled in negotiations.”

Jeffrey B. Meltzer
President, Universal Hardwood


“Confidence without ego. impressive knowledge and diverse experience. Solid results quickly.”

Steve Traino
President, Candy Direct, Inc.


“Professional and efficient services with timely information flow.”

George Koutures
President, AMBCO Electronics, Inc.


“An unmatched ability to forge a solid alliance between the parties in a win-win approach.”

Dov Lazarus
President, One Stop Undercar


“Highest professional standards in positioning and promoting the sale of my business.”

Jason Moore
President, Alexis Services, Inc.


“In my 30 years in Commercial Banking, CrossRoads ranks among the best.”

Barry Katz
Vice President, SBA Lending Community Bank


“Finding a Buyer for my size business was like finding a needle in a haystack. CrossRoads did it!”

Tafa Jefferson
CEO Amada Senior Care


“Solid selling process that produced results in a tough market. Highly recommended.”

Kitty Meyers
Owner, Synergy HomeCare Inland Empire


“If there are Buyers out there, the CrossRoads process will find them. They did for my business.”

Dan Goodman
CEO, Eilatan, Inc.


“CrossRoads did an impressive job representing my business. They actually do what they say they will!”

Jack Winn
Owner, Jack Winn Salon


“If you are looking to sell your business, Vasilis Georgiou is the choice: The right knowledge and temperament that get results”

Nayda Poblete
President, Home Instead Costa Mesa


“Very efficient and detail oriented approach. CrossRoads made the transaction smooth and handled every step.”

Lolita L. Cruz
Owner, Comfort Keepers Laguna Niguel


“The service went above and beyond. Made the process stress free”

Kelleen Corfield
Buyer, Comfort Keepers Laguna Niguel


“Smooth sales process and transition. CrossRoads’ extensive knowledge and experience was a great help!”

Jim and Yuko Fletcher
Owners, Home Helpers Senior Care, Laguna Hills, CA


“Mr. Georgiou’s professionalism and calm encouragement made all the difference in the world!”

Kelly Dunn & Nancy Bever
Owners, Caring Matters Home Care


“Thank you for all your diligence and hard work! It would not have happened without you!”

Denis Royer
President, Carpet Club


“Informative, honest, steady, professional, and always supportive. Great Guide.”

Mary and Larry Farmer
Owners, Right at Home of Albuquerque


“Diligent, obviously very experienced. Results-oriented.”

Bruce Sobol
CEO, Brentwood Electrical Contractors


“Vasilis and CrossRoads earned my respect and appreciation and I would recommend him to anyone looking for a Business Broker.”

Dane Gibson
Owner, Amada Senior Care of Roseville


“I'm grateful to have found CrossRoads, and I recommend them wholeheartedly.”

Remy C. Rippens
Owner, Clavel Home Care


“Vasilis Georgiou was the ultimate professional throughout the sale of my business. A+ rating for CrossRoads. And I mean it. :)”

Carol Boettcher
Co-Owner, SpeakerPower, Inc


“Vasilis is a Master of the business sale process. He earned his fee many times over. Best move I could have made.”

Brian Oppegaard
Co-Owner, SpeakerPower, Inc.


“Vasilis “talked me off the ledge” several times along the way with his graceful support. I happily recommend him to anyone who wants to sell their business."

Doug Garrett
President and CEO of Garrett Engineers, Inc.


“We highly recommend CrossRoads and Vasilis. You need an experienced and knowledgeable person to guide you and Vasilis Georgiou is that person!"

Bill and Donna Hoover
Owners, Care4You In Home Care


“CrossRoads made the process very comfortable for us despite making a decision of enormous importance."

Jeff and Reem Hufnagel
HWC Yorba Linda


“CrossRoads worked with efficiency and professionalism and I would highly recommend their service."

Scott Kaeser
EVP, UAS, Buyer of CitiGlobal


“Trustworthy, patient, and responsive. We highly recommend CrossRoads."

Michael and Lori Renaud
Acti-Kare


“CrossRoads is an amazing resource. Highly trusted in complicated situations."

Tarun Bhardwaj
Buyer, Acti-Kare


“Produced results very efficiently and timely. We highly recommend CrossRoads."

Tim Hatamian, CEO
Pacific Lighting & Energy Mgmt. Co.


“I wholeheartedly endorse and recommend Crossroads Business Brokers as the go to brokerage professionals."

Michael S. Robirds, Owner
Amada Senior Care


“Your deal process and handling of the transaction was top rated."

Peter Chen, CEO
EJK Products


“You have been fantastic to work with and I’d recommend you to anyone looking to buy or sell."

James Cote & Patrick Vollmer, Principals
Alternative Molding Concepts


“Thorough and made the experience easy. You were there anytime we needed you."

Bob Purkiss, President
Visiting Angels Lindsay, CA

Combined Medical and Endoscopic Surgical Centers in S CA

Los Angeles, CA

Price: $7,550,000

Cash Flow: $2,323,202

Total Sales: $5,781,844

EBITDA: $2,223,202

FFE: N/A

Inventory: N/A

Year Established: 1997

DESCRIPTION:

This exceptional medical services opportunity has been serving the Southern CA Korean community for the last 25 years.

The Medical Center facility is 2,500SF, with a reception area, four exam rooms, one nursing station, one CT room, one Ultrasound room, and an X-ray area.  Staff consists of two MDs, one RN, one PT CT Tech, one FT and one PT ultrasound Techs, two MAs, two receptionists, and three Billing clerks.  It is offering services such as: Ultrasonography, Ultrasound, CT-Scan, X-Ray, and Preventative Medical Screenings.

The Outpatient Endoscopy Surgery Center is an approved by AAAHC Medicare DEEMED status ASC endoscopy surgery center.  The facility is 1,500SF with one procedure room, two recovery areas, one waiting area, and one reception area. Staff consists of one RN, three MAs, one receptionist, one GI (same as the one MD in FMC), and an independent contractor Anesthesiologist.  It is offering services such as: Gastroendoscopy and Colonoscopy.

 The businesses provide quality care to PPO clients as well as fee for service (no HMO), as a full service, one stop medical care, including CT, X-Ray, ultrasound and endoscopy.

Although these businesses are doing very well and have a good growth track record, there are many more opportunities for a new owner to grow the businesses with the following efforts: 

  • Offer an Anesthesiologist Service internal to the practice.
  • Outreach to non-Korean population.
  • Escalate multi-channel marketing efforts.
  • Bring an additional GI on board.
  • Add HMO contracts.
  • Add more procedure rooms.

The service market includes the Korean population in Southern CA.  Local Primary Doctors as well as word of mouth from satisfied clients, and local community advocates have been a strong referral source.

The Businesses compete with Other Doctors and surgery centers in the area.  The other Korean leaning competitors are not in close proximity.

Revenue for the Specialist Doctors industry is estimated to grow at an annualized rate of 1.5% to $324.9 billion over the five years to 2022. Overall, specialty practices have benefited from rising total health expenditure, increased demand from an aging population and improving access to health insurance due to recent reforms. However, annualized growth is being pulled down slightly by an estimated 1.5% decline in revenue in 2020 due to the COVID-19 (coronavirus) pandemic. Industry operators had to cancel or delay elective procedures, which tend to account for the bulk of revenue. Due to the specialized nature of industry services, it has been more difficult for industry operators to adopt telehealth in comparison to primary care doctors. As the economy has moved beyond the pandemic, revenue growth is expected to surge to 5.5% in 2021 before increasing 0.7% in 2022.

Key growth drivers, including income levels and private health insurance rates, are forecast to improve or remain steady over the five years to 2027. Lasting effects of the pandemic on physical and mental health will also promote increased investment into the healthcare sector, benefiting operators. As a result, demand for certain specialties, such as pulmonology and psychiatry, are expected to increase significantly in the post-pandemic recovery period. Demand for industry services will rely somewhat on the labor market's recovery speed because most individuals rely on employment for health insurance. Overall, IBISWorld expects industry revenue to rise at an annualized rate of 1.7% to $352.9 billion over the five years to 2027.

The seller is selling for personal reasons but will assist during a transitional period. The Caregivers and staff, all W2 employees, are available to work with a new owner.  

LISTING DETAILS:
Total Sales: $5,781,844
Cash Flow: $2,323,202
EBITDA: $2,223,202
Reason For Sale:

Retirement

OPERATION:
Year Established: 1997
Employees: Currently @ 19
SUMMARY:
Potential Growth:

Excellent

For more information on this listing, please complete our Non-Disclosure Agreement
CONTACT DEAL OWNER

Vasilis Georgiou

Phone: 949-753-2825
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