6 days ago — This clinical laboratory is long established laboratory with organic business from local doctors, no marketing expenses. Medicare, Medi-Cal, 16 insurance contracts (Anthem Blue Cross, Blue Shield, HealthNet, …). Hematology accounts will move in other seller’s remote lab, but some local accounts shall be given to buyer, all clean and secure accounts: 50 accession per day! In Toxicology accounts are outsourced (but specialty is on CLIA). Few draw stations across Central California. Big demand and potential, no sales persons, no marketing – little effort will improve business significantly. Lab just passed fresh CLIA inspections, no deficiencies. Lot of cash patients.
Equipment about $100,000 included. Good lease.
Not the whole existing business volume is for sale or transferable – just the local doctors business – about 50 accessions per day ($40,000 gross per month).
Rent $2,600/month. payroll $20,000/month.
Owner has another lab in different part of California and wants to move his operation (including part of accounts) there, and sell the existing lab. He doesn’t need two labs. He will leave some very local doctors accounts with the lab in Merced (about 50 draws per day, which is about $40K/month gross) as a optional goodwill (buyer may chose not to have it).
Seller is motivated to finance, help with temporary after close management, and eventual move of the lab.