Nov 6, 2019 — TXLAB1B - $3 Million Independent Clinical Laboratory in Texas
Independent clinical laboratory for sale in Texas. The lab provides various types of blood testing services, as well as flu and allergy testing. They are CLIA certified and COLA accredited, as well as Medicare and Medicaid certified. They do business throughout the state of Texas.
The company’s payer mix is 40% insurance, 40% Medicare, 10% Medicaid, and 10% cash/private pay. In 2019, they anticipate grossing approximately $3 million in collected revenues with an adjusted EBITDA over $600,000. They are contracted with more than 30 facilities and process an average of 1,300 samples per month.
The staff expected to stay on under new ownership and the seller will assist during a transitional period as needed. The asking price for this opportunity is $2.5 million.