May 15, 2020 — Texas BCBS, Medicare, And Medicaids (Several States) And In Coveted Novitas Mac
Our client has a high complexity CLIA-licensed and COLA-accredited laboratory since 2012. It is in Texas, in coveted Novitas Jurisdiction.
The Lab is a high complexity lab that can perform any high complexity test as allowed by CLIA which includes, but it is not limited to blood, Genomics, PCR, toxicology, pathology, and now COVID-19 and the full respiratory panel with COVID-19.
This business is ideal for those that have relationships available to test for COVID-19, GI or upper respiratory panels, toxicology or any other type of clinical testing. that needs to be done. It not only comes with existing CLIA and COLA licenses, but also Medicare and several Medicaid contracts from multiple states, and most importantly coveted BCBS contract. For someone who starts a Lab from scratch, it would take 18-24 months to get all these credentials, which would mean lost revenue. The Lab has two fully functional LCMS with the validated methods for toxicology panels, 3 Biofire 2-array systems to run COVID-19, GI and Respiratory panels and a Hematology machine. All these are free and clear of any debt. So, it is a truly a turn-key lab for someone who can bring test volume. The buyer can also rent other machines on reagent rental as needed, for example machines for general clinical tests or allergy tests.
The seller can work on consulting basis to help set up COVID-19 Testing on Biofire 2 equipment and this could be operational within about 30 days of purchase as long as the reagents can be procured in a timely manner for the Biofire machines.
* Turnkey high complexity lab ready with staff, some revenue, and equipment fully paid off
* Very capable of doing Toxicology and high margin PCR tests including COVID-19 test
* In network for coveted BCBS insurance, Medicare, Medicaids of several states and also several HMOs
* Ideal for buyers with own test volume
* Save 18-24 months and about $1.5 M in set up and running costs before getting various accreditations
* MAC Jurisdiction H served by Novitas
* Offered debt-free
The Lab is offered at $995K cash debt-free and is being sold without any business.
Disclaimer: DealStream has not independently verified any of the information in this post and makes no warranty as to its accuracy or completeness.