$26 Million Long Term Care Pharmacy
We are pleased to introduce a Long Term Care Pharmacy for sale in the Central Mid-West. The company has been in business for over a decade and has positioned themselves as the leading provider of LTC pharmacy services in their markets. They currently have contracts to service approximately 5,000 beds in 2019, with the vast majority being in Skilled Nursing Facilities.
In 2018, they generated over $20 million in gross revenue with an adjusted EBITDA of $1,899,514 (9.4%). In 2019, they are expected to generate in excess of $26 million in gross revenue based on revenue trends from Q4 of 2018, and additional secured contracts.
All key staff are expected to stay on, and the seller will accommodate a transitional period as needed. The asking price for the opportunity is $20 million, plus the cost of inventory.
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