PI Rehab & Ortho/Neuro Group – Absentee Owner, $600k+ SDE

This listing is for an established personal injury–focused medical group in Boca Raton, Florida, consisting of:

A rehab/therapy clinic providing chiropractic and physical medicine services to auto accident and slip-and-fall patients, and

A complementary orthopedic & neurosurgery practice providing pain management, injections, and surgical services to the same PI patient base.

The businesses work primarily with PIP and settlement-based personal injury cases. Patients typically receive therapy and rehab services first, with surgical and interventional care provided through the orthopedic/neurosurgery entity when clinically appropriate.

The owner is a seasoned PI healthcare operator who no longer sees patients, and instead focuses on attorney relationships, marketing, and high-level oversight. Clinical care is delivered by a team that includes a chiropractor, therapists, two surgeons, and support staff, plus a long-standing outsourced billing company (in place ~20 years).

For 2024, combined normalized Seller’s Discretionary Earnings (SDE) are estimated at approximately $600k+, with 2025 year-to-date performance indicating a normalized SDE of around $650k. The practices are well-positioned for a buyer with capital and management depth to further scale marketing, add providers, and potentially grow into additional locations or markets.

In addition to the ongoing practice operations, the seller reports a substantial portfolio of outstanding PI-related accounts receivable (approx. $17.5 million) that is not included in the practice price, but may be available to a qualified buyer as a separate, discounted A/R acquisition opportunity.

Down Payment: $1,800,000

Cash Flow: $607,468

EBIT: N/A

EBITDA: N/A

Accounts Receivable: $17,500,000

Accounts Receivable Included: No

FFE: $100,000

FFE Included: Yes

Inventory: $2,000

Inventory Included: Yes

Year Established: 2010

Days & Hours of Operation: mon fri

Managers: 1

Real Estate Included: No

Monthly Rent: $12,000

Square Footage: 3500

Franchise: No

Reason For Sale:

Retirement

Training & Support:

30 days