SOLD: High Complexity Clinical Genomics Lab in North East
Looking for a Strategic Partner that can Accelerate Growth
This ten year lab is located in a large hospital complex in a major North East city. The Founder / Majority Shareholder of the lab is a well-known physician scientist in the area of clinical genomics. The company is evaluating spinning out its research and IT Informatics business into another entity, and finding a strategic partner (or buyer) for the clinical lab business. This CLIA lab is turnkey lab, with all modern instrumentation and staff and NY-licensed medical director. Last year the lab did $2.5 million in revenue. The company seeks a partner or buyer who can bring more business to the laboratory, both in genetic testing and in Toxicology and help expand the current business rapidly. The lab is also on its way to acquire COLA certification in the next few months.
OPPORTUNITY HIGHLIGHTS
- High Complexity CLIA certification in four states including NY, FL, CA
- Enrolled with Medicare as provider
- COLA accreditation on the way
- Turn-key State-of-the-Art Genetic Testing Lab
- Ability to implement Toxicology Testing in a short time-frame
- Excellent Location – within an urban hospital campus with superb infrastructure services
- Very well-known and published scientific staff
- Well-developed Laboratory Information System
- Ability to tap into and license proprietary software for clinical decision
INSTRUMENTATION
The lab is equipped with some of the finest genetic testing equipment and is staffed by top-notch talent. (All of the DNA analyzers are on a reagent-rental basis.) The equipment includes:
- Easy One and Easy One Adv. XL with combined sample capacity of about 320 samples per shift and 1600 per week.
- FLUOstar Optima plate reader for DNA Quantification
- Perkin Elmer Janus Robotic Workstation
- One large and one small Eppendorf multi-spin refrigerated centrifuges with multiple buckets
- 2 tube vortexes and 2 mini centrifuges
- 4 AutoGenomics Infiniti analyzers
- 2 Luminex X-map DNA analyzers: X-100 and X-200
- 1 Genmark DNA analyzer
- Eppendorf Vapoprotect thermal cycler PCR machine for 96 well plates
- One diad 48/48 well capacity thermal cycler and one 96 well Bio-Rad DNA engine thermal cycler
- Five freezers including one at -70 deg C and two at -20 deg C and one refrigerator
KEY FEATURES
- One of the Most Advanced Labs for Clinical Genomics
- Low labor costs due to Lab automation and Robotics
- Coveted CLIA licenses in states of New York, Florida, California
- COLA accreditation in a few months
- Accepting Medicare payments
- Excellent infrastructure within hospital campus that includes security doors, hazardous waste disposal services at no additional cost
- Competent Lab Staff including well-published, well-known Scientists
- Scale-up capability – Lab currently only at about 20% of its capacity (single shift)
- Ability to add Toxicology in very little time
- Well-developed Laboratory Information System for workflow
- Can license the proprietary Medical Informatics engine from seller
