$2.6 Million Retail/Long Term Care Pharmacy based in Northern CA

CA

$2.6 Million Retail/Long Term Care Pharmacy based in Northern CA
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Asking Price: $1,600,000

Cash Flow: N/A

Gross Revenue: $2,600,000

EBITDA: $435,000

FF&E: N/A

Inventory: N/A

Established: N/A

$2.6 Million Retail/Long Term Care Pharmacy based in Northern CA

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Business Description

American HealthCare Capital is pleased to introduce a 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.

Detailed Information

Business Website:
http://americanhealthcarecapital.com/listing/carx1o/
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(from currently available funds)
 
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Irwin Frank

Business Listed By:
Irwin Frank

Irwin Frank

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