American HealthCare Capital is pleased to introduce a community retail pharmacy for sale in the West Central Ohio. The pharmacy has been in business for 15 years with a consistently strong relationship with the community customers it services. Revenue sources include Durable Medical Equipment (DME), a 340b medication program started in late 2015, and a contract with a large assisted living facility within the city limits.
The pharmacy’s payor mix is 50% Medicare, 10% Medicaid, 32% Insurance, and 8% Cash. The pharmacy revenue was $2,564,282 in 2016 with an adjusted EBITDA of $269,000 (10.5%), up 16% from revenues of $2,217,236 in 2015. They feel they could easily grow the business with more focus on the 340b program, increased distribution to the local ALF, and development of prime vendor relationships. They currently dispense 615 scripts per week at an average ticket of $56 script. There are 35 new and 65 refill prescriptions per week.
The owners would like to retire but will assist during a transitional period as needed. The remaining staff is available to stay on with a new owner. The asking price for this opportunity is $750,000, plus the cost of inventory.
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