TECH-2501 – HIGH VOLUME COVID-19
TESTING LAB

TURN-KEY – DEBT FREE – MEDICARE, SEVERAL MEDICAIDS, STATE BCBS – OPTIONAL LAB MGMT

This 18-month old lab is truly turn-key and ideal for those having COVID-19 samples looking for a high capacity COVID-19 testing lab with insurance contracts and state licenses. It will literally save about a year in starting it from scratch. The return on investment could be in months if you are running hundreds of samples per day.

CERTIFICATIONS AND ACCREDIATATIONS

The lab received its CLIA certificate in March of 2019.  It only has an 18-month history, so no risk or exposure to any claw backs.  It had its CAP inspection in July of 2020. CAP inspection found a couple of deficiencies which the Lab corrected and recently they got a annual bill for CAP fees so it is expected that CAP accreditation will be issued soon.

The lab is licensed in several states that require state licensing including California, Pennsylvania, Maryland, and Rhode Island (Not licensed in NY).

The Lab has Medicare, Medicaid contracts in TN, IL, IN, GA, OK, Molina in TX,  Tricare East, and state BC/BS.

EMPLOYEES

The lab has a part-time Lab Director, Lab Supervisor, a Microbiologist and other testing personnel working part-time.  The part-time testing personnel are not a part of a potential transaction. However, the Lab can continue to provide management services and also help buyer in recruiting other personnel if needed.

SERVICES

The Lab is currently built out for molecular/infectious disease testing and validated for respiratory, wound, nail, and COVID-19. The lab is currently performing Covid-19 testing by nasopharyngeal swab.  It could add saliva to the EUA once validated.

Current lab specimen volume is less than 100 specimen per week and is not considered to be part of a potential transaction.

ASSETS

The main assets of the lab include:

• QuantStudio 6
• QuantStudio 5
• Agena Biosciences Mass Array w/Nanaodispenser (currently not validated for Covid-19 but can be if needed
• TomTec liquid handler
• Accuspin Micro 17
• Vortex Genie 2, mini centrifuge, vortex mixer, plate centrifuge, biosafety hood, incubator and  heat baths
• Potential use of a QuantStudio 12-K Flex for up to 3 months
• Access to additional QuantStudio 3s if needed

CAPACITY

With current staff and equipment, the lab capacity is as follows:

COVID-19

1000s (2,500 to 5,000) specimen per month with the Quant studios and current staff. With more personnel and more liquid handlers, the capacity can be multiplied several-fold.  By adding in the Agena instrument, volume would nearly double, but again, more personnel and automation (liquid handlers) would be necessary.  The Agena is not validated currently with an EUA for Covid-19, but Agena is willing to assist in this process.

RESPIRATORY PATHOGEN PANEL

1,000-2,000 specimen per month 

 Wound & Nail

1,000-2,000 specimen per month

 LAB SPACE

Lab is currently occupies approximately 1,200 square feet, with an additional availability of approximately 1,000 square feet (if needed).

ASKING PRICE

Asking price for this turnkey high capacity lab is $1.1M. It comes debt free. No Business Comes with it. Optional management services can be provided if the buyer wants. Proof of Funds will be required from qualified buyers.