American HealthCare Capital is pleased to introduce a Long Term Care Pharmacy for sale in Nevada. The pharmacy has been in business for nearly a decade and is known as one of the premier LTC Pharmacy providers in their area. They serve approximately 130 facilities, including group homes, rehab and mental health facilities, foster homes, and hospices. The majority of their clients are group homes.
The company bills the patient’s insurance directly. Their payer mix is 42% Medicare, 35% Medicaid, 21% commercial insurance, and 2% private pay. Gross revenues have significantly increased since 2017. In 2017, they grossed $6.2 million and more than doubled their revenue in 2018, reaching $12.5 million. In 2019, they grossed $14.1 million, and they are projected to surpass $15.1 million in 2020 with an adjusted EBITDA of over $1.6 million.
The pharmacy has a full complement of staff that is expected to stay on post-acquisition, including Pharmacists, Pharmacy Techs, and Drivers. The asking price for this opportunity is $9.9 million, plus the cost of inventory.
If you would like to learn more, please contact us for a Confidentiality Agreement that will allow us to share more detailed information with you.