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Jan 24, 2019Two Clean CLIAs, Newer Fully Paid of Equipment, Coveted Novitas Jurisdiction

A rare opportunity to acquire two adjacent CLIA labs in Texas in the coveted Novitas jurisdiction – one CLIA lab comes with Medicare, Texas Medicaid and Tri-Care East and West. Both Labs have Licenses for 38 states. The Labs had spent over $4.2 M in build-out and buying the equipment. Current fair market value of the equipment is about $1.1 M. These newer equipment are completely paid off with no leases whatsoever, and would cost $2.7 M if purchased new. Most of these equipment are only about 2.5 years old, with the oldest equipment about 4 years old.

The two labs have 12,000 square feet of total space which includes state-of-the-art conference room, 7 admin offices and an open cubical area that was used for billing. These labs are next to each other in the same building. One lab with Medicare and Medicaid was doing federal insurance work and other lab was doing only private out-of-network testing. The labs were recently forced to shut down as they were not getting reimbursed out-of-network. Excellent opportunity for an in-network lab to buy these turn-key labs to buy capacity and expand its markets. The staff will be happy to come back and resume operations. The equipment is fully functional with up to date PMs and can run samples immediately ( all instruments are running at this time). Furthermore, the lab had passed proficiency tests with 100% scores and have zero deficiencies. There would be no validation needed unless new test are added – so truly a “turn’key” deal.

MAJOR EQUIPMENT
- Four Waters Ultra HPLC/MS systems (Waters Acquity UPLC/XEVO TQ-D)
- Two Agilient GC/MS systems
- Beckman-Coulter AU680
- Beckman Coulter AU480
- Three Abbott Architect i2000
- Sysmex XS-1000i
- Sysmex CA-660
- Tosho G8-HbA1-C
- And much more of ancillary equipment including hoods, pipette, refrigerators, centrifuges, etc.

All of the equipment is completely debt free and about 2-4 years old and fully functional. A complete equipment list will be provided to interested buyers. The seller will also include all the inventory of reagents and lab supplies which is substantial.

REAL ESTATE
The labs are in leased space adjacent to each other with a total area of 12,000 sq. ft. The lease is ending in May, 2019 and the seller is looking to sell the complete lab package including CLIA licenses as soon as possible. A buyer who wants to stay in the same location, would be able to sign a new lease with the landlord and most of the staff would be available to come back and run the lab.

ASKING PRICE
- $1.1 M (at the average FMV of the equipment)
- Includes both CLIAs, Medicare and Medicaid attached to one CLIA, 38 state licenses, and all of the inventory of supplies and reagents
- Can be purchased as an Asset Purchase

The seller is highly motivated to close this deal as soon as possible and is willing to negotiate.

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