Jul 31, 2019 — Extremely valuable and clean Laboratory with best grandfathered contracts, pathology and chemistry, main location in California, having location and CLIA in Florida too. 30 years in business, all licenses (CLIA, Medical, Medicare... Colorado, Louisiana, and Mississippi Medicaid) and nearly all private insurances a lab operator may wish are here and in perfect standing.
Some of insurance contracts are with: Aetna, Anthem Blue Cross, California Blue Shield (All networks, Bluecard), Humana, United Health Care…great reimbursements.
Laboratory is performing all type of blood and tissue tests, among others genetic and high complexity toxicology.
Despite long history, Laboratory has zero liabilities or potential exposure from the past (current owner bough it out of successfully conduced Chapter 11 two years ago).
Very valuable equipment fully paid off, valued at $1,400,000 included in price. 33 Full time employees, payroll $120,000 per month. Good lease in California, just $4,500/month, facility size about 5,000 SF. Real Estate of Florida facility available for $1.5M (13,500 SF)
Last 12 months $6M gross, $685,000 net.
Growing numbers, grossing monthly about $1M, netting monthly $120K currently.
Blood test number averaged monthly 800-100, however just added a large account with 600-700 so total blood tests in month to 1,500-1,700. Tox-tests: 2,500-3,000 per month, added 5 accounts recently , total in month 3,500-4,000.
Payer mix 50-60% federal rest Texas Blue 20% rest is mixed.
Sellers must sale for private reasons and this sale is considered a fire sale.