Clinical Research and Testing Site

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Asking Price:
 Not Disclosed

Gross Revenue:
$1,687,000
Cash Flow:
 Not Disclosed
EBITDA:
$211,000
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

The Company is an independent clinical research site. It provides exceptional expertise in an array of therapeutic areas of medicine as they relate to the research of drugs, vaccines, and medical devices.

Key aspects
· Trait-searchable management database of over 22,000 potential subjects
· Experienced Physicians in all aspects of clinical research
· Licensed nurses with a minimum of eight years clinical research experience
· Expanded Company budgets for current and upcoming studies that have been negotiated to an average of 22% above initial offers
· Broad range of clinical indications with studies in pulmonary, allergy, internal medicine, vaccines, and devices
· The reason for the decline in 2017 was the discontinuity of the allergic rhinitis research. In 2017, the company had multiple major projects get put on "hold", a usual industry occurrence, according to management

About the Business

Location:
Texas
Facilities:
Headquartered
· San Antonio, Texas

Real estate
· The Company leases one suite in a Class A Medical Office Building in San Antonio, Texas from an unrelated third party. The building is one block from The University of Texas Health Science Center.
Market Outlook/
Competition:
Current markets
· The Company provides services to pharmaceutical, vaccine, and device companies from the United States, Canada, Europe, India, and Japan.

Shareholder/owner objectives
· Two active owners seek a full sale of the business as they are anticipating retirement. All other partners are inactive; however, the majority shareholder and the other owner believe that selling is an exit strategy for them that will allow them to continue working for additional years. The two physicians who are seeking retirement are willing to remain onboard as investigators until retirement.
Growth & Expansion:
Opportunities
· Hire dedicated business development specialist
· Expand operations to add additional site locations and centralize business development
· Explore additional studies regarding new pharmaceuticals and vaccines that are being developed
· Increase subject base
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Listing Info

ID:
1646790
Ad Detail Views:
0

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Business Listed by

Luis Vinals

Benchmark International

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