American HealthCare Capital is pleased to introduce a Retail and Telepharmacy for sale in California. The company has been in business since 2007. Services include retail pharmacy, remote order entry, pharmacy management, clinical support, onsite staffing support, and regulatory compliance consultation. The retail pharmacy is a hospital outpatient pharmacy located in Orange County, California. For telepharmacy, they primarily serve hospitals in California, but they were recently licensed for in Nevada, Arizona, and Florida, with plans to become licensed in all 50 states.
The pharmacy is prescribing 110 scripts per day. Their payer mix is 40% Medicaid, 30% Medicare, and 30% insurance. In 2020, the business mix was 61% retail pharmacy and 39% telepharmacy and pharmacy management. Gross revenues have consistently grown over the past few years, going from nearly $3.2 million in 2019, to over $3.7 million in 2020, to a run rate of $4.5 million in 2021. Adjusted EBITDA was almost $340,000 (9%) in 2020 and is expected to exceed $400,000 in 2021.
As they continue to add new state licenses, the pharmacy anticipates rapid growth. They are seeking a buyer with the capital and experience to take the business to the next level. The owners are open to staying on to assist with the plans for expansion. The rest of the staff, including the PIC and several Pharmacy Technicians, are all expected to stay on under new ownership.
The asking price for this opportunity is $3.5 million plus inventory.
This post is related to:
Mergers, Acquisitions, Buying-Selling, Franchising
