Buying A Pharmacy Checklist 【EXCLUSIVE · 2024】

Are you planning to buy a or a small chain , as that will change how you approach the staffing and PBM audits?

: While final approval depends on the specific store, have your financial package (personal tax returns and credit history) ready to show lenders you are a serious buyer. 2. Financial Due Diligence

: Decide whether you are seeking a share sale (buying the legal entity, including all liabilities) or an asset sale (buying only the specific business assets). buying a pharmacy checklist

: Work with your attorney to include robust representations and warranties that protect you from undisclosed liabilities.

: Break down the volume by brand vs. generic , retail vs. specialty/compounding , and the concentration of your prescribing doctor network . Are you planning to buy a or a

: Identify key employees who are vital to operations and check for any outstanding employee liabilities or special accommodations.

: Start the change of ownership paperwork early, as transferring provider numbers and insurance contracts can take months. Financial Due Diligence : Decide whether you are

: Conduct a professional count at the time of closing. Look for expired or slow-moving stock and verify it was purchased from licensed suppliers. 3. Operational & Legal Assessment