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Comprehensive Outpatient Rehabilitation Facility

The CORF was established in 1997 and is owned and operated by the same owner. The facility provides a wide range of therapy treatments that include: Physical Therapy, Aquatic, Respiratory Therapy, and Massage Therapy, Sports Rehab & Performance Training, Ultrasound, Electrical Stimulation, Traction Mechanical, Iontophoresis, Anodyne Infrared Light Therapy, ETPS Acupuncture, KT 1000, Vestibular Rehab, TMJ Dysfunction Program, and Functional Capacity Evaluation. The CORF operates with a 5 full-time administrative staff, 4 part-time administrative staff, 3 full-time physical therapists, 1 full-time physical therapy assistant, 2 part-time physical therapy technicians and 1 full-time physical therapy technician. In addition, the CORF works with approximately 4 part-time independently contracted Physical Therapists to service their patient’s needs.

The facility is participating with over 95% of the major PPO’s, HMO’s and workers comp insurance networks. In addition, the CORF is a participating Medicare/Medicaid group provider.

In addition, the sale includes a base of over 100 physicians and referral sources that have been developed over the past twelve years by marketing efforts, reoccurring patients and new referrals from past patients.

The total gross revenue in 2008 was $1,189,482 with an adjusted Owner’s Benefit is $341,662. The total gross revenue in the first three quarters of 2009 was $1,024,092.