American HealthCare Capital is pleased to introduce a Long Term Care Pharmacy for sale in Houston, Texas. The pharmacy has been in business since 2013 and they are licensed as a Community Independent Pharmacy. They focus on serving I/DD population care facilities.
The company’s sole payer is Medicaid/Managed Medicaid. The company has contracts to service 118 beds in a number of group homes and foster homes in the surrounding area. The company is currently dispensing an average of 1,080 scripts per month. Gross revenues were over $1 million in 2018 with a Gross Profit Margin of 19%, and the company expects to see an increase in 2019.
The seller would like to focus on other ventures but expects the core staff to stay on, including the Pharmacist in Charge and Pharmacy Technician.
The asking price for this opportunity is $200,000 plus the cost of inventory.
