Aug 16, 2019 — CARX1O - Retail/Long Term Care Pharmacy for sale in Northern California.
Pharmacy for sale in Northern California. The pharmacy is licensed as a retail pharmacy, but they operate like a Closed Door, Long Term Care pharmacy, servicing more than 100 Assisted Living Facilities with approximately 400 beds. Services include free daily delivery, bubble packs/vials, destruction of expired or unused medications, coordination with residents’ doctors on refills and appointments, Medication Therapy Management, caregiver in-service and consultation (i.e. Medication Training), and more.
The pharmacy accepts most major insurances, but their payer mix is 80% Medicare, including commercial plans, 15% Medicaid, and 5% cash. Gross annual revenues have been in the $2.5 million range over the past couple of years, and they ended 2018 in excess of $2.6 million with an adjusted EBITDA over $435,000. They are currently dispensing around 56,000 prescriptions per year.
The staff is expected to stay under new ownership, and the sellers will assist during a transitional period.
The asking price is $1.6 Million, plus inventory.