$8 Million Custom Compounding Specialty Closed Door Pharmacy for Sale in Northern California
UNDER LOI
American HealthCare is pleased to introduce a Custom Compounding Specialty Closed Door Pharmacy for Sale in Northern California. Additionally, the company has a Community Pharmacy, Medical Gases, and a DME component. They are CHAP certified and have been in business for over 30 years serving 9 counties in the surrounding area. They are conveniently located near a major medical center.
The pharmacies accept all major payors including Medicare Part D, MediCal, Blue Cross, Blue Shield, and Worker’s Compensation programs. The closed door pharmacy dispenses 600 scrips per month for local hospices and services 800 beds per month for board and care facilities, and the community pharmacy dispenses 3,500 scrips per month. Medical gases account for $50,000 of revenue per month. The DME component of the business currently serves only non-Medicare beneficiaries, but a Medicare provider number could be easily obtained, which would significantly increase business.
Total annual gross revenues have been consistent over the last few years at over $8 Million and the business is profitable. The seller feels there is ample room for growth in the Long Term Care and DME arena. Furthermore, since they have never had a sales and marketing program, the implementation of an aggressive marketing campaign could easily drive revenues past the $10 Million mark.
The current owner has decided to sell in order to retire, but will assist during a transitional period as needed. The rest of the staff, which includes several Pharmacists and Pharmacy Technicians, are all available to continue working with a new owner. The asking price for this opportunity is $3.5 Million plus the cost of inventory. If you are interested in learning more, please contact us for a Confidentiality Agreement that will allow us to share more information with you.
$8 Million Custom Compounding Specialty Closed Door Pharmacy for Sale in Northern California
UNDER LOI
American HealthCare is pleased to introduce a Custom Compounding Specialty Closed Door Pharmacy for Sale in Northern California. Additionally, the company has a Community Pharmacy, Medical Gases, and a DME component. They are CHAP certified and have been in business for over 30 years serving 9 counties in the surrounding area. They are conveniently located near a major medical center.
The pharmacies accept all major payors including Medicare Part D, MediCal, Blue Cross, Blue Shield, and Worker’s Compensation programs. The closed door pharmacy dispenses 600 scrips per month for local hospices and services 800 beds per month for board and care facilities, and the community pharmacy dispenses 3,500 scrips per month. Medical gases account for $50,000 of revenue per month. The DME component of the business currently serves only non-Medicare beneficiaries, but a Medicare provider number could be easily obtained, which would significantly increase business.
Total annual gross revenues have been consistent over the last few years at over $8 Million and the business is profitable. The seller feels there is ample room for growth in the Long Term Care and DME arena. Furthermore, since they have never had a sales and marketing program, the implementation of an aggressive marketing campaign could easily drive revenues past the $10 Million mark.
The current owner has decided to sell in order to retire, but will assist during a transitional period as needed. The rest of the staff, which includes several Pharmacists and Pharmacy Technicians, are all available to continue working with a new owner. The asking price for this opportunity is $3.5 Million plus the cost of inventory. If you are interested in learning more, please contact us for a Confidentiality Agreement that will allow us to share more information with you.