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Oct 10, 2018 — A highly profitable, Long Term Care Pharmacy for sale in North Carolina.
The company has been in business for nearly 15 years and has positioned themselves as a leading provider of pharmacy services and solutions to the North Carolina Long Term Care sector. Their service area currently spans four (4) states, and they are anchored by the most secure contracts found in the industry with Skilled Nursing Facilities, Group Homes, Psych Facilities, Assisted Living Facilities, and Personal Care Homes.
In 2017, the company generated $22.5 Million with an adjusted EBITDA of over $1.4 Million (6.30%). In 2018, the company is on pace to generate over $26.9 Million in revenue with an adjusted EBITDA of $2,292,705 (8.52%). Additionally, they have just secured new contracts which will propel annual revenue to approximately $30 Million with an adjusted EBITDA of $2.8 Million (9.35%) over the next 12 months.
All key staff are expected to stay on, and the sellers are open to accommodating a transitional period as needed. The asking price for the opportunity is $28 Million, plus the cost of inventory.