Company Overview

PRIME exits and American HealthCare Capital are pleased to introduce a long term care pharmacy for sale in the Midwest. This pharmacy was established over 14 years ago and is very efficiently and successfully run by the owner with 13 full-time and 13 part-time employees. They focus on serving over 160 assisted living facilities and group homes, and the majority of their business is Medicare with a small amount of Medicaid.

Facility Overview

The pharmacy is situated in a large building owned by the seller, strategically located in proximity to important highways and the airport. The building has 40,000 square feet, but the pharmacy only utilizes 11,000 square feet of space. They are open Weekdays from 9AM – 6PM, Saturday from 11AM – 3PM, and closed on Sunday. They do offer 24/7 emergency service as needed.

Financial Overview

In 2023, the pharmacy generated over $10 million in revenue with an EBITDA close to $900,000. In 2024, they are seeing robust growth and profit. Through June, they grossed $5,437,000 with an EBITDA at $453,000, putting them on track to reach nearly $11 million in gross revenue and over $900,000 in EBITDA.

Staff Overview

All the key employees will stay on after the sale, and the owner will assist during an agreed upon transitional period.

Asking Price

The asking price for this acquisition is $8 million dollars plus Rx inventory.