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INTERNAL MEDICINE

Integrated VBC Primary Care | Obesity Med | ACO | $1.85M | Phoenix AZ

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This is a rare opportunity to acquire an established, operationally mature integrated primary care and wellness platform operating from two clinical locations in the Phoenix metropolitan area. The practice combines primary care, obesity medicine, physical therapy, occupational therapy, dietetics, psychology, and health coaching under a single Tax Identification Number and unified EHR. No peer practice in Maricopa County replicates this model. FINANCIAL PERFORMANCE 2025 Gross Revenue: $1,846,973 2024 Gross Revenue: $1,687,342 2023 Gross Revenue: $1,412,305 2-Year CAGR: 14.4% | 3-Year Revenue Growth: +30.8% Asking Price: $1,950,000 — just 1.06x 2025 gross revenue NON-FFS RECURRING REVENUE: $309,000+ (2025) This practice generates over $309,000 in recurring, non-visit revenue annually — rare for an independent primary care practice of this size. – Medicare CCM: $224,000 from 174 enrolled patients; monthly recurring, independent of visit volume – Cash-Pay Wellness Programs: ~$180,000 from 164 patients across four structured program tiers – ACO Incentives (Aledade Western Region): $85,000+; 360+ attested lives; Year 1 track record PATIENT PANEL – 4,720+ active patients (since 2023) | 6,420 total EHR records | HubSpot CRM: 7,410 contacts – 1,628 assigned Medicare/MA patients: 773 traditional Medicare + 855 Medicare Advantage – Payor mix: 64% commercial, 16% Medicare, 13% Medicare Advantage, 4% Medicaid – Top conditions: obesity, metabolic disease, cardiovascular, hypertension, behavioral health THE CCM OPPORTUNITY Only 174 of 773 assigned traditional Medicare patients are currently enrolled in CCM. Full enrollment projects to nearly $1,000,000 in annual recurring revenue from the existing panel — zero new patients required. WHAT\’S INCLUDED – Two operational clinical sites, Phoenix metro area – 28 employees: 2 MDs, 4 PAs, 1 PT, 1 OT, 1 RDN, 1 coach, 16 support staff – Charm EHR, HubSpot CRM (7,410 contacts), 3 registered trademarks – Branded patient wellness app, teaching kitchen, member portal, e-commerce infrastructure – Active ACO relationship (Aledade), active CCM program ($224K/yr), all payor contracts Seller financing: $292,500. Minimum EMD: $25,000. Accounts receivable excluded. NDA required. Contact Strategic Medical Brokers for the full Confidential Information Memorandum.

Concierge Internal Medicine | 900 Members | M–F | W. Massachusetts

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You did not go to medical school to spend your career in 10-minute appointments, chasing RVU targets, and answering calls at midnight. But here you are. This practice is a different kind of opportunity. A fully enrolled concierge internal medicine practice in Western Massachusetts is available for acquisition. 900 active members. Closed panel with a waiting list. Two revenue streams running simultaneously: recurring annual membership fees plus fee-for-service insurance billing for every clinical encounter. The income does not depend on volume alone. The schedule is Monday through Friday, 8:30 am to 4:45 pm. After-hours calls average 0 to 2 per week. There are no hospital rounds. The local health system uses a dedicated hospitalist model. When you leave on Friday afternoon, you are done until Monday. Wellness exams average 40 minutes by design. No RVU pressure. No production quotas. You will know your patients by name, by history, by family — because a limited panel makes genuine relationships possible. The practice was founded in 2006 and transitioned successfully to the concierge membership model in 2024. That transition is complete. Systems are in place. Staff is stable and experienced: one nurse practitioner, one physician assistant, two medical assistants, and one administrative assistant — all with established patient relationships and very low turnover. The patient panel skews toward older adults, average age 60 to 70, in a well-educated, health-conscious community in the Pioneer Valley. These patients chose concierge medicine because they want a physician who actually knows them. The right buyer will inherit that trust. Membership fees are priced below the regional market ceiling. That gap is a lever, not a liability. A new owner has clear room to adjust pricing in a patient-respectful way over time, as new members are onboarded from the active waiting list. The selling physician is retiring. She is committed to a transition period and will work alongside the buyer on mutually agreed terms. Her patients are prepared. Her staff is ready. The practice is positioned for a smooth handoff. This is not a turnaround. Not a startup. It is a practice that is working — with a patient base that chose relationship medicine over the hospital system, and staff who chose this team over everything else. They will extend the same loyalty to the right physician. Asking Price: $1,150,000. Seller financing available to a qualified physician buyer. Contact Strategic Medical Brokers for the confidential financial package.

Florida Internal Medicine Practice — 35 Yrs, Seller Financing, $525K

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This well-established Internal Medicine practice on Florida\’s East Coast has served its community for more than 35 years. Located in a fast-growing Treasure Coast market with strong Medicare demographics and a documented primary care physician shortage, this is a turnkey ownership opportunity for an individual physician transitioning from employment into practice ownership — or for an existing group seeking strategic expansion into one of Florida\’s most demographically favorable healthcare markets. The practice operates from an approximately 3,000 sq. ft. facility with 8 exam rooms (including a dedicated procedure room), an in-house lead-walled digital X-ray suite, monthly ultrasound services, and minor surgical capabilities. It is a true one-stop primary care office — the kind that has become increasingly rare as smaller offices consolidate into hospital systems that strip out procedural and imaging components. The practice runs Monday through Friday, 7:30 AM to 5:30 PM, with a walk-in workflow that keeps the office open through lunch using rotating staff coverage. EMR is eClinicalWorks across 22 workstations. FINANCIAL SNAPSHOT The practice generated approximately $1.25M in gross revenue and $388K in Seller\’s Discretionary Earnings (SDE) in 2024, on a three-provider operation that delivered more than 10,000 patient visits. Over the 2022–2024 period, the practice averaged $1.22M in annual revenue and approximately $430K in annual SDE at a ~35% margin — a stable, mature primary care operation. In mid-2025, two associate providers departed and the founding physician has continued solo. 2025 results reflect that single-provider operation: approximately $1.02M in revenue and $265K in SDE. Patient demand remained resilient — approximately 2,400 unique patients seen in 2025 with 323 new patients added organically, without any paid marketing program. THE VALUE THESIS The asking price of $525,000 is structured to reflect the depressed 2025 earnings rather than the three-year historical norm. At this price, the practice trades at approximately 2.0x trailing SDE — but only 1.22x the three-year average SDE (2022–2024). For a physician buyer who can fill the second-provider seat, the restoration path back toward 2024-level earnings is straightforward and does not require building new patient demand. The patient panel, infrastructure, and trained staff are already in place. DEAL STRUCTURE • Asking Price: $525,000 • Cash at Close: $425,000 • Seller Financing: $100,000 carryback note to qualified physician buyer, secured by practice assets and personal guaranty • Earnest Money: $25,000 to open escrow • Accounts Receivable: Excluded from sale • Real Estate: Asking Price: $1,095,000. Owned separately by seller; available for lease or purchase, with seller-leaseback structure available to buyer SELLER TRANSITION The founding physician has committed to remain clinically active for approximately one year post-close to support patient retention and operational continuity — roughly four times the typical brokered transition window. WHO THIS IS FOR (1) An individual physician seeking to move from W-2 employment into practice ownership without the cold-start risk of greenfield development, or (2) an existing group practice seeking expansion into the Treasure Coast region with an established patient panel and operational infrastructure already in place. NEXT STEPS A full Confidential Information Memorandum is available to qualified buyers upon execution of a non-disclosure agreement. Detailed financials, payer contracts, demographic reports, facility photographs, and a meeting with the seller are made available during due diligence. Contact the broker to begin the process. In Association with ParaSell, Inc. | A Licensed Florida Broker

2,128 Medicare Lives | Est. 1998 Internal Medicine | Phoenix Metro

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Rare opportunity to acquire a 28-year-old, physician-founded internal medicine practice in the Phoenix metropolitan area — anchored by 2,128 assigned Medicare lives, a strategically valuable asset in primary care today. THE INVESTMENT THESIS This practice has organically built a deeply entrenched Medicare panel over 28 years, without any value-based care (VBC) contracts. For a financially sophisticated acquirer — private equity platform, MSO, or health system — this creates clear, executable upside: • 917 Medicare Advantage lives available for capitated or risk-bearing arrangements with MA plans • 1,211 traditional Medicare beneficiaries eligible for MSSP/ACO participation; attributed beneficiary volume exceeds minimum ACO thresholds • No current ACO or VBC contracts in place — all value-based upside is fully incremental for a new owner • Complex chronic disease patient mix (diabetes, hypertension, COPD, cardiovascular disease): favorable Risk Adjustment Factor (RAF) profile • Standard post-acquisition value levers available: HCC coding optimization, Annual Wellness Visits, Chronic Care Management (CCM), Remote Patient Monitoring (RPM) PRACTICE AT A GLANCE Founded: 1998 | Specialty: Internal Medicine | Location: Phoenix Metro 2025 Gross Revenue: $2,205,889 2024 Gross Revenue: $2,039,799 Offering Price: $2,700,000 Payor Mix: Medicare 27% | Commercial 72% | Cash <1% EMR: eClinicalWorks (since 2005) Providers: 3 Physicians (MD) + 3 Physician Assistants (PA-C) New Patients: ~84 per month MARKET CONTEXT The Phoenix-Tempe-Mesa metro is among the fastest-growing markets in the U.S., with a steady in-migration of retirees and pre-retirees that directly supports long-term Medicare panel growth. The supply of primary care physicians continues to lag behind demand nationally, and the ongoing transition of local physicians to concierge models has reduced access to traditional primary care options in this corridor — creating sustained new-patient demand for an established practice with 28 years of community relationships. CLINICAL TEAM & CONTINUITY The clinical team comprises a founding physician and two additional MDs, supported by three physician assistants with an average of 11+ years of experience. Two of the three physicians plan to remain post-close under employment agreements — materially reducing patient attrition risk and ensuring clinical continuity through the ownership transition. TRANSACTION STRUCTURE Offering Price: $2,700,000 Cash at Close: $2,200,000 Seller Note: $500,000 — secured by practice assets and corporate guaranty of acquiring entity Accounts Receivable: Excluded (retained by sellers) Earnest Money Deposit: $25,000 minimum Qualified institutional buyers are invited to execute an NDA to receive the full Confidential Information Memorandum and access to the financial data room.

Turnkey Flagstaff Practice with 880+ Attributed Senior Lives

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Internal Medicine Practice with Value-Based Care Opportunity Established in 2006, this highly respected internal medicine practice in Flagstaff, Arizona presents an outstanding acquisition opportunity for a physician or healthcare organization seeking immediate cash flow with significant growth potential. The practice\’s most compelling asset is its assigned patient panel of 880+ senior lives, creating substantial opportunities for buyers knowledgeable in value-based care models and aligning with the right ACO. Key Investment Highlights: • 880+ assigned senior lives offering immediate value-based care revenue opportunities • Established 18-year practice with exceptional community reputation • Current capacity supports 2.0 additional FTE providers immediately (2.5 FTEs with minor modification) • Strong financial performance: $889,231 in 2025 revenues with 26.71% profit margins • Loyal multi-generational patient base with minimal marketing investment • Annual administrative fee ($150/patient) providing predictable recurring revenue • Modern 3,000 sq ft facility with room for expansion Growth Opportunities: The practice is ideally positioned for expansion through value-based care initiatives, including aligning with the right ACO, chronic care management (CCM), remote patient monitoring (RPM), and transitional care management. The senior-heavy patient demographic and established trust relationships create perfect conditions for implementing quality-focused care models that improve outcomes while increasing revenue. Additional expansion opportunities include extending Friday hours, adding in-house laboratory and phlebotomy services, incorporating specialty procedures, and developing geriatric-focused service lines. The facility can immediately accommodate two additional providers, with potential for 2.5 FTEs after converting one specialty room. Practice Overview: Operating Monday-Thursday (full days) and Friday mornings, the practice currently employs 3 providers (1 physician owner, 1 DO, 1 FNP) supported by an experienced team including a 14-year tenured Practice Manager. The practice utilizes a leading EHR system and maintains strong referral relationships throughout the community. The $150 annual administrative fee (waived for financial hardship) enables same-day appointments, 24/7 provider access, and enhanced service levels while remaining more affordable than concierge competitors. This model has successfully operated for 15 years, demonstrating patient satisfaction and loyalty. Location & Market: Situated in Flagstaff\’s thriving healthcare market, the practice serves as a primary care hub for northern Arizona\’s 140,000+ regional population. With documented physician shortages and growing demand for primary care, particularly among seniors, the market fundamentals strongly support continued growth. The practice benefits from minimal competition in physician-led internal medicine, with most competitors being large health systems or NP-led clinics. Transaction Details: Offering Price: $650,000 Terms: $520,000 cash at closing + $130,000 seller financing for qualified physician buyers The seller, planning retirement after decades serving the community, offers transition support by mutual agreement. This represents a rare opportunity to acquire a profitable, well-established practice with immediate value-based care potential and significant expansion capacity in a desirable mountain community with strong demographics and limited competition. Contact broker for complete details.

(SOLD) Remarkable Rural Internal Medicine Practice For Sale with Senior Lives

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Enter the Odessa Primary Care Market with this Respected IM Practice The practice provides comprehensive care through office visits, muscle or joint injections when necessary, and flu vaccines while maintaining the highest ethical and professional standards. The founding physician and staff treat patients with respect and provide excellent care. The practice\’s payor mix comprises 65% Medicare, 24.5% commercial, 10% HMO, and 0.5% self-pay. The clinic draws patients from Odessa and nearby communities, including Midland, Monahans, Crane, and Kermit. The local healthcare market shows high demand for chronic disease management, preventative care, and musculoskeletal treatments. With an established patient base and a reputation for professional, ethical care, the practice is well-positioned to meet these needs. The aging population and the prevalence of chronic conditions such as diabetes and hypertension further support the demand for internal medicine services in the area. Odessa\’s healthcare market includes independent practices, multi-specialty clinics, and hospitals. This practice benefits from its long-standing presence and strong community reputation despite competition from larger entities. The practice’s growth through word-of-mouth referrals and insurance directories highlights its solid standing, but expanding its digital footprint may benefit future growth.

(SOLD) Thriving Family Medical Practice with Lucrative Capitation Contracts

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Located in paradise, this multi-provider family medicine practice offers a complete range of primary care, preventive, and specialty medical services designed to meet the various health needs of all ages. Gross revenues have averaged $2,235,000 during the past four years.  Staffed by a well-rounded team of board-certified providers, the practice serves patients in Hawaii County. The experienced group of physicians, nurse practitioners, and specialists take a holistic, multidisciplinary approach to medicine that encourages the patient to be an active participant in their health care. In addition to diagnosing and treating acute illness, managing chronic conditions, providing annual physicals, and performing routine disease screenings, this practice offers a full scope of complementary medical services ranging from weight loss and nutrition plans to comprehensive mental health care and stress management. With a board-certified podiatrist, HIV specialist, occupational medicine physician, and an osteopathic doctor, the practice also offers valuable specialty services like chronic pain management, regenerative medicine, acupuncture, and comprehensive foot and ankle care.

(SOLD) Internal Medicine Practice For Sale – West Phoenix

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Busy 15-year-old Arizona Internal Medicine Practice for sale in west Phoenix. High growth area with rapid expansion. The practice currently has 1,700 active patients and sees an average of 23 patients per day and is located within close proximity to major area hospitals. The internal medicine practice occupies 2,170 SF of clinical space with a 4,543 SF single-level office condo. Located in a sought-after medical complex area. Revenue of $699,214 in 2020 with a solid network. Payer mix consists of 55% Commercial, 20% Medicare and 25% AHCCCS. Current EMR practice management is provided through third-party services with eClinicalworks. Staff will remain post-sale. The retiring owner will provide transition assistance to the new owner. Owner/Physician and well-trained, multi-lingual, and dedicated staff to remain on staff and assist in a smooth transition. Most major insurances accepted include Medicare, AHCCCS, TriCare, Aetna, BCBS, Cigna, United Healthcare, and many other commercial insurance plans.

(SOLD) Internal Medicine Practice

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Busy, established solo Internal Medicine Practice for sale in Phoenix, Arizona.  Gross collections of $717,000+ in 2018 with amazingly low overhead of 27%.  Gross collections are projected to exceed $825,000 for 2019.  This practice occupies approximately 900 square feet of space in a professional/medical building near a regional hospital.  The adjacent suite is currently available for immediate expansion.  Procedures include:  Neuro-therapy, EKG testing, pulse O2 testing, testosterone shots, B-12 shots, Kenalog shots and TBB testing.  Seasoned staff will remain.  Opportunity for growth by including additional services or bringing in providers.   Seller is willing to stay and provide transition assistance.

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