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This company is a medical diagnostics laboratory specializing in genetic testing and it presents a developing opportunity in the genetic diagnostics space. It targets Medicare Part B recipients over 65 and operates nationally. Their key strengths lie in their CLIA and CAP certifications, existing lab infrastructure, established marketing teams, and sales/marketing safe harbor contracts.

Services and Products:

The company offers a range of genetic diagnostic tests, including:

• Hereditary Cancer (CGX)
• Parkinson’s-Alzheimer’s-Dementia
• Cardiovascular Disease (CardioGX)
• Diabetes-Obesity
• Neurogenetics (highest margin product)

Growth Opportunities:

• Expansion of Test Menu: The company has identified a specific opportunity to add another test to its product line. They possess the lab space, and the expansion requires only the purchase and validation of new equipment.
• Increased Utilization of Existing Lab Capacity: Currently, the company utilizes only 50% of its 3,300 sq ft facility so there is significant room for growth in testing volume and revenue without requiring additional real estate investment.
• National Reach: While already operating nationally, there’s likely room to increase market penetration within this scope.

Competitive Advantages and Success Formula:

• CLIA and CAP Certifications: These certifications are crucial for credibility and regulatory compliance in the medical diagnostics industry, providing a significant competitive advantage.
• Installed Marketing Teams: Having established marketing teams in place from the outset allows for immediate focus on customer acquisition and revenue generation.
• Favorable Contracts: The contracts with key suppliers provide price stability and secure access to essential resources, mitigating potential supply chain risks and supporting sustainable growth.

Established and highly reputable, this remote certified laboratory was established in 2007 and specializes in advanced analysis and genetic testing. Proven for quality, efficiency and client-centric service, this business can be operated anywhere nationwide with a new owner.

** NOTE: ** The business has significant client concentration. Inquirers relying on SBA financing need to consult with their lender before requesting the NDA.