Your Cohort, home
ThornePortfolio monitoring
Fractional CFO by Your Cohort Powered by Decision OS

Lumen Specialty Pharmacy On track

Specialty pharmacy · Minority equity · $19.5M deployed · Last report Oct 5

Covenants

All 4 passingTightest: net leverage, 31.1% roomAs of Sep 30 · senior lender covenants Thorne monitors, certified quarterly

Net leverage

Passing
Required
Actual
≤ 4.50x
3.10x
Room left31.1%
  • Earnings can fall $3.6M before a breach.
  • No breach expected in the base plan.

Debt service coverage

Passing
Required
Actual
≥ 1.20x
1.88x
Room left56.7%
  • Earnings can fall $4.2M before a breach.
  • No breach expected in the base plan.

Equipment spending

Passing
Required
Actual
≤ $2.5M / yr
$1.4M
Room left44%
  • $1.1M left this year.
  • A cold storage upgrade is planned.

Minimum cash

Passing
Required
Actual
≥ $2.0M
$6.8M
Room left240%
  • Lowest point ahead: $7.0M on Nov 13.
  • Every forecast week clears the minimum.

Compliance certificates

  • Q3 compliance certificate
    Due Nov 14 (45 days after quarter end)
    In draft
  • Q2 compliance certificate
    Filed Aug 11
    Accepted
  • Q1 compliance certificate
    Filed May 12
    Accepted

What could change this

  • Losing one large payer contract would cut earnings by about $1.4M.
  • A new state license opens two more markets from Q2.
  • Paying a special dividend would lower cash but leave covenants intact.

New marks a measure Your Cohort adds to Thorne’s reporting · fictional companies and figures · thresholds are placeholders · select or hover any dotted label for its definition