Details - Information last confirmed on October 7, 2020
Unique opportunity to acquire two separate California C-Corps, a Pharmacy and an FDA-approved manufacturer along with HME and DME - each licensed by the California State Board of Pharmacy. The Seller has decades of experience and will continue as a Consultant as needed. His business model is a "Changing model for changing times."
The other is an FDA C-Corp which manufactures and wholesales a proprietary, Patented, FDA Registered OEM Medical Device. The license is clear and clean. The option to expand manufacturing to other medical device products is unlimited. The Pharmacy handles all the Retail Sales and Distribution and the FDA C-Corp handles the wholesale. Combined sales exceed $1,000,000.
As the Pharmacy has an expansive HME/DME inventory, and many insurance contracts, the combination of both entities provides the opportunity for sales in other branches of an organization with many stores, to enhance their profitability. OEM Potential for a 5000 store Drug Store Chain translates to an approximate $13,000,000 Adjusted Gross Profit when one user per location purchases one unit per month for 12 months through Medicare or Private Insurance. [Details on request.]
Other important considerations regarding the Medical Device:
- FDA Class 1 Exempt Product, Accredited ACHC
- All criteria met for Medicare, Medi-Cal, and Private Insurance applications.
- Medicare-approved billing code A4326 and Medicare Listed Manufacturer
- Medical Device is covered by Product Liability Insurance
- Minimum production run re-order 100,000 units @ approximately $2.75 each
- Sale to include: Production Molds: $400,000, Goodwill, IP & Licenses.
- Seller to receive 6% royalty per device.
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