A god lab for high net investor or other lab needing expansion. COVID-tests have significant cash payments.
Important note: A diligent investor may wonder what will happen with the profits once COVID-testing volume drops and business normalize. That’s the crucial point: the lab added a big number of new referring physicians during the pandemic (all were experiencing a significant drop in patient visits and underserved, switched to good service labs). As soon the business “normalize”, COVID-testing may be what it will, but normal testing volume shall sky-rocket (due more physicians as customers them before).
Full service lab driven by COVID lately. Beside COVID-testing, the pool of referring physicians is expecting increase in visits and usual testing (tox, UTI, genetic, blood…).
Twenty full time employees (payroll $70,000/month), in 5,000 SF facility (rented for $9,000/month, all included).
Equipment valued about 1M paid off.
Team, billing, and net margin are top quality.
Insurances: Medicare, Medi-Cal, many local… and billing OON.
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