Questions for Dr. Stern

About Your Urgent Care Center

51. We are attempting to pull some equity out of the value of our facility but are having a tough time finding business comps for a Professional Urgent Care. Does anyone have some they could forward or know of where I might be able to find some? Most practices for sale are mixed primary with some Urgent Care.

Good questions. Comps are next to impossible to come by. From word of mouth sales of UCCs seem to range from 1-6 times profits before taxes. From our experience, generally banks will only loan against AR (~80% of net AR under 90-days) and real estate. I hope this answers your question. Feel free to post it on the UCAOA Forum at http://www.ucaoa.org/forum/index.php

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David Stern, MD, CPC CEO, Practice Velocity Partner, Physicians Immediate Care Board Member, Urgent Care      Association of America Dr. Stern helped design the patent-pending Practice Velocity template (PiVoT) that is now used in over 240 urgent care centers. He is board certified in internal medicine and served as Chief Resident in Internal Medicine at Pennsylvania State University. Dr. Stern received his medical degree from Jefferson Medical College of Thomas Jefferson University after completing undergraduate studies at Houghton College in Houghton, NY. Dr. Stern serves on the Board of Directors of the Urgent Care Association of America (UCAOA). A Certified Professional Coder, Dr. Stern writes articles and presents at numerous national and regional conferences on topics, including medical charting, emr, medical coding and medical practice management. With additional partners of John Koehler, MD (CEO) and Terry Buzzard, MD (Regional Medical Director), they operate the urgent care consulting firm of National Med Network and the ten clinics (in Illinois and Oklahoma) of Physicians Immediate Care.

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