In 2013, the CEO of this firm embarked on an innovative idea of bringing a clinical lab service close to the community. He started building labs in physicians' offices, at a cost that was less than outsourcing the procedures. The benefits also include much quicker turnaround time for the medical provider/s as well as the patient. He is also building individual reference labs. This investment is for each of the reference labs to be built.
As of March 2015, he already constructed 3 labs and another substantial lab is under construction. Projected revenue for each of the next 3 years for the reference labs increases dramatically from $1.1 million in 2017 to $1.9 million in 2018 to $2.7 million in 2018.
The CEO is responsible for licenses, compliance and testing using a turnkey operations approach. The doctors contract this firm to perform the following activities:
1. Operating the lab
2. Hiring lab personnel such as phlebotomist/s and lab technicians
3. Generating results of each sample
4. Performing general maintenance of lab equipment
Reference labs require supplies, such as re-agents. The amount and cost of supplies depend on the size of the POL. On an average, yearly cost of supplies per reference lab is about $xx,xxx. This firm is the wholesaler of supplies ordered by doctors.
DealStream.com is an online community for dealmakers with over 100,000 active members in 100 countries.
Our members include entrepreneurs, corporate executives, private equity groups, business brokers, investment bankers, and M&A advisors. They use our website to buy businesses, sell businesses, and expand their professional networks.
If you are looking to buy a company or buy a business, we offer a searchable database with over 15,000 listings of businesses for sale, companies for sale, and franchises for sale. We have a lot of listings for middle market businesses for sale and large businesses for sale.
If you are looking to sell a company or sell a business, you can list your business for sale for free and reach thousands of business buyers and intermediaries.