Tuesday, 5 December 2017

Patented trans-dermal dosing dispensers/applicators (S.E US)


Business Description:
Designs, manufactures, and sells patented transdermal metered dosing dispensers/applicators.  Their trademarked dispensers provide easy-to-use built-in applicators that eliminate transference issues with hands and assures correct dosing. The combination of audible, visual, and tactile clicks makes it easy for patients to accurately dose medications.  Products are registered FDA devices, Class I Dispensers, made of all FDA approved materials and intended for single use only.

Distribution:
Customers include compounding pharmacies, specialty pharmacies, hospital pharmacies, community pharmacies, and medical offices.  Current customer market segments include hormone replacement therapy (80%), pain relief and scar therapy (10%) and veterinary medicine (10%).  95% of revenue comes from recurring active customer and distribution orders. 

Operational Strengths:
Strong reputation for its focus on service, offering proprietary products and design-support expertise as well as providing one of the most precise topical metered dosing solutions in the industry.  Their recurring account retention rate exceeds 95%.  Their structure, patented products, expertise with compounding pharmacies, active new product introduction processes, and integrated management systems are designed to provide clients with interdisciplinary solutions. Well-regarded for responsiveness to customer needs which has resulted in customers turning to them with ongoing opportunities.  As healthcare costs continue to rise, governments and private payers are encouraging the use of drug therapies to reduce costs.

The Transaction:
The owners are seeking a partner to help take the business to the next level and liquidity for future retirement purposes.

FINANCIAL SUMMARY (000s)

2017 Est.by Seller
2016
2015

Revenue
5,700
5,292
4,834

Adjusted EBITDA
2,091
1,827
1,093


Other Highlights
Location
Financials
Management Team in Place
Years in Business
SIC Classification
Southeast
Internal
Yes
12
5047, 8000

Direct All Inquiries to:
Gottesman Company
Refer to:  S-1331-41 DBN
Tel: 212-330-8010     Fax: 646-434-4557