A comprehensive ophthalmology practice of 34 years, an office condominium, and partnership in an adjacent optical company in Walnut Creek CA, 30 miles east of San Francisco.
Walnut Creek is a vibrant economic and cultural center of Contra Costa County close to the big city scene, 3 top tier academic medical centers and innumerable outdoor activities. The immediate area also boasts a great climate, unparalleled schools and wonderful neighborhoods to raise a family.
The practice is a sole proprietorship with an expense sharing arrangement with another ophthalmologist and employs an optometrist and stable staff. Serving diverse, well educated and affluent patients of all ages: 50% Medicare, 35% commercial ppo, 15% vision, no HMO, and very few MediCal/Medicaid. Excellent multigenerational patient loyalty.
Annually (4.5d/wk, 6wks vac.) the practice averages $963K gross income from 7400 encounters: 250 (49% premium) cataracts, 150 non-refractive in-house lasers with 43% overhead expenses. Mostly seeing cataract, glaucoma, and external disease with additional opportunities by adding oculoplastic and refractive surgery services. The optical company income averages $43K/year per partner.
Minutes away is a level II trauma center and a fully equipped multispecialty ASC supported by all subspecialists. On-Call with a generous stipend for office and hospital coverage is shared with 17 community ophthalmologists 3 weeks a year.
Seller can assist with financing and stay to introduce patients.