Denver Psychiatric Practice
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Our company is a high cashflow, branded Psychiatric practice serving the Denver metro area and the entirety of Colorado. It features refined digital marketing, a strong online reputation, and efficient telehealth workflows. This solo owned private psychiatric practice earns 90% of its revenue from recurring, follow-up appointments. Most of the 100 unique patient visits per week (5,000 appointments per year) are handled via telehealth. Given the demand for psychiatric services and shortage of providers in Colorado, the owner believes the vast majority of his 900+ existing clients will transfer to the new physician or practice who maintains the same level of service.
The buyer of this practice must hold a valid Colorado medical license and a DEA license. The buyer must be (or have) a psychiatrist or psychiatric nurse practitioner with the ability to prescribe mental health medications including controlled substances to patients. Clinical expertise in psychiatric evaluation, diagnosis, and medication management is essential to operate the practice successfully.
The buyer of this practice must hold a valid Colorado medical license and a DEA license. The buyer must be (or have) a psychiatrist or psychiatric nurse practitioner with the ability to prescribe mental health medications including controlled substances to patients. Clinical expertise in psychiatric evaluation, diagnosis, and medication management is essential to operate the practice successfully.
About the Business
- Years in Operation
- 5
- Employees
- 4 (2 Full-time, 2 Part-time)
- Facilities & Assets
- Most patient visits are conducted through secure telehealth appointments, but the practice also hosts clients in person when required. The practice operates out of a home-based office just outside of Denver, Colorado. Relocating to a more central Denver location could improve accessibility for in-person patient visits, increase visibility due to higher population density, and enable an additional channel for attracting new patients.
- Market Outlook / Competition
- This business competes with other mental health and psychiatric practices in the greater Denver area, including both small private practices and larger outpatient clinics. Because most of the practice’s patients are serviced by telehealth, they also draw patients from other parts of Colorado. While there is competition for psychiatric care, Colorado faces a significant shortage of mental health providers, with an estimated deficit of 4,400 professionals. This shortage of skilled providers is expected to worsen over the next several years.
- Opportunities for Growth
- The practice presently has a full patient load for a solo practitioner, so they have not attempted to expand the business beyond its present maximum capacity. To expand this practice, the buyer would need either to have one or more partners or would need to hire full or part-time physicians or psychiatric nurse practitioners to carry additional workload.
About the Sale
- Seller Motivation
- Owner retirement
- Transition Support
- As long as necessary for the handoff.
Listing Info
- ID
- 2469719
- Listing Views
Listing ID: 2469719 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
Businesses for SaleColorado Businesses for SaleColorado Health & Medical Businesses for SaleColorado Medical Practices Businesses for Sale
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