Ideal for buyer with ready business looking for a turnkey lab.
Toxicology - Anatomic Pathology - PGX - Blue Cross Contract - FL License - Dormant CA License.

The Lab is a high-complexity CLIA-accredited, CAP-Accredited lab able to run routine chemistry, toxicology, anatomic pathology, and PGX studies.

The Lab has in-Network contracts with the following payors:

--Blue Cross of Florida

It also has a dormant California license which potentially can be activated.

The lab has anatomic and clinical chemistry analyzers with market value of about $150K and has new leased and validated toxicology equipment. Its PGX equipment (bought in 2014 for about $335K) was recently removed and put up for sale, but could be purchased for $150K and brought back in.

The Lab is in a free-standing building, modern building with plenty of room for expansion. This building is also being sold and has a market value of $700,000.

This lab is ideal for someone who can immediately bring larger volume in Toxicology and / or PGX. The lab used to do a lot of pharmacogenomics work at one point but stopped doing this as one of its key payors stopped reimbursing them for the work. But PGX testing is coming back and the buyer may have an interest in it.

This opportunity offers the following:

-High Complexity CLIA license for a lab in FL
-CAP Accreditation
-Dormant license of CA state
-Business generating about $480K per year (largely anatomic pathology)
-Validated new toxicology equipment (on lease, annual lease payments and -licensing fee of about $120K)
-Fully operating turn-key lab, with experienced staff and Medical Director
-Payors including the coveted Blue Cross contract
-Capability of doing Genomics Testing
(Genomics Testing Equipment can optionally be added)
-Modern, stand-alone Building is also for sale

The laboratory has spent a significant amount of expense and effort in setting up a lab for doing toxicology studies that will drive the revenue and growth for the lab. In the process it spent considerable money in getting the place ready to do toxicology work including validation of their new equipment.
Going forward, the lab has about $40K per month of business (about $480K per year), and without any Tox volume, the lab will lose about $20K to $30K per month due to running costs So the break-even point for the lab is at a revenue level of about $700-800K.

There are couple of options regarding purchase of this business - either buy the pathology and computer equipment and the real estate or lease the real estate and the pathology equipment (with lower down payment).

Buy the Real Estate and Equipment: The price for the business is $450K down (includes PGX equipment), plus pay down a debt of $700K starting from April 2017 at $25,000 per month. And for the real estate it is $700K purchase price. The buyer will also take this over as a going concern and assume AR and AP of the business.

Posted Oct 1, 2016

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Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.