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Drug Testing Laboratory
Location: United States -> Maryland -> Baltimore
Industry: Health and Medical > Medical and Dental Labs

Business Summary

CLIA CAP accredited drug testing laboratory for sale in Baltimore, Maryland (serving MD/DC/VA). 1Yr old lab for sale. Sale comes with decent volume, currently in contract with several pain management doctors offices and addiction clinics. Instruments include Thermo Endura Tripple Quad LC MS MS System with Ultimate 3000 HPLC. Currently conducting confirmations on 22+ panels for 60+ drugs. Also include Drug Screening Chemistry Analyzer, running 16 panel screening with Oxy and Fent. Currently in network with Medicare, RR Medicare, Medicaid, Carefirst and BCBS; few others will be approved in a month including Aetna, Priority Partners, Amerigroup. August revenue (AR) is $125,500.00 from Drug screening and confirmatory testing. Monthly run cost is below $20,000. Also offering genetic testing for interested pain management doctors (currently genetic testing is send out). Possibility to sign another 8-10 pain management contracts in next 1-2 months; discussions are on-going. Well trained and experienced staff so very minimal effort needed from the owner. Chemistry analyzer is able to run blood testing (chemistry/immuno) if new buyer interested to expand to nursing home blood testing services. Priced for quick sale because owner is moving out of state.


Asking Price Range:  $500K - $1.0M
Gross Revenues:   $1,506,000
Cash Flow:   $1,506,000
Cash Flow Type:  EBITDA
Inventory:  $550,000
Seller Financing:  No

About The Business

Year Established:  2018
Number of Employees:  4 - 5
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Leased

Print Listing Id: 700339347
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