SOLD: Tech-1503: Clia-Certified Profitable Clinical Lab with High Growth Potential in SE USA

SOLD Tech-1503: CLIA-Certified Profitable Clinical Lab with High Growth Potential in SE USA 

 

Four Year Old, CLIA-Approved, Very Profitable, High Growth Potential

 

Disclaimer: Technologypark has not independently verified any of the information in these descriptions, and makes no warranty as to their accuracy or completeness. It is also recommended that the buyer consult with an experienced healthcare attorney experienced in regulations governing the operations of clinical labs.

Turn-key Growth Opportunity – A Very Profitable, Clinical Lab in South Eastern USA

A four-year old, very successful CLIA-certified Clinical Laboratory in SE USA with healthy profits is looking for a qualified buyer. It services over 21,000 patients and providing over 4 15 ,000 laboratory tests annually (35,000 per month) . They have over 50 long-term contracts in place with regional facilities providing same-day laboratory tests for their patients. 2009 Revenue $1.9 million, EBITDA $264K, asset value ~688K

Services include:

  • Microbiology
  • Serology
  • Chemistry / Special Chemistries
  • Urinalysis
  • Therapeutic Drugs
  • Hematology / Coagulation
  • Drugs of Abuse

The lab utilizes the latest computerized laboratory testing technology available. It is a turnkey running lab with significant immediate profit potential. The lab has all the required permits and has consistently exceeded both state and federal inspections and regulations. The equipment laboratory comes turn-key with a staff of over thirty including a Medical Director, technicians, a consultant, phlebotomists, and a complete billing back-office, The company has several couriers servicing the accounts and has a comprehensive secure website for patient results and lab management.

Background and Business Opportunity

Company has been operating for past four years. It enjoys excellent reputation and the Company is regarded by numerous facilities as the recommended choice for their patients due to the excellence of its staff, technology and management.

Competition in the area

Currently there is very little same-day provider competition in our area. Gross Sales are generated from contracted long-term facility laboratory testing. This leaves the physician’s market virtually untouched in our area which is our future focus.

Facility and Equipment

The lab is housed in a 6,000 sq feet of space in a professional building. The lab is equipped with equipment worth about $600,000. All of the equipment is in working order and under maintenance contracts. Monthly volume capacity is – 150,000 tests per month with current equipment (scalable to several times this volume ). It is currently using only a quarter of its capacity and hence can grow to four times its volume without needing significant equipment investment.

Major equipment

  • DXC 600 Beckman Coulter Auto-load Chemistry Analyzer (Hospital Model)
  • Beckman Coulter ACT5 Diff Autoloader Hematology Analyzer
  • Beckman Coulter Access2 Immune-Assay Analyzer (Special Chemistry)
  • Siemens Climate 500 Urinalysis Analyzer
  • 2- ACL 1000 Coagulation Analyzers
  • LabDaq Lab Management Software / Reporting Tools
  • Alta Point CMS Certified Billing software
  • Oracle Management Interface and Website server software with a Dell Network
  • Miscellaneous (Lab and office furniture, safety showers, microscopes, pcs, fire safety, ventilation, etc.)

Financial Highlights

  • 2009 Revenues $1.9 million
  • EBITDA $264K
  • Asset value ~688K
  • Assets -$688,000 in equipment
  • Reason for Selling- Retirement

This opportunity is no longer available.
Lab has been SOLD.

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