Buying A Pharmacy Checklist Online
: Work with your attorney to include robust representations and warranties that protect you from undisclosed liabilities.
: Confirm the pharmacy is in good standing with the State Board of Pharmacy and has all required DEA registrations and billing permits.
: Before making an offer, assemble a specialized group including a healthcare attorney , a CPA with pharmacy experience , and a pharmacy consultant . buying a pharmacy checklist
: 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
Buying an independent pharmacy is a complex process that blends high-stakes financial investment with strict regulatory compliance. This checklist breaks down the critical stages—from initial evaluation to closing the deal—to help you navigate the transition successfully. 1. Pre-Purchase & Assembly : Work with your attorney to include robust
: Break down the volume by brand vs. generic , retail vs. specialty/compounding , and the concentration of your prescribing doctor network .
: Evaluate the pharmacy’s relationships with Pharmacy Benefit Managers (PBMs). Understand the risk of future audits or potential clawbacks. : While final approval depends on the specific
: If you aren't buying the real estate, check if the lease is assignable and look for "danger clauses" like the landlord’s right to relocate or demolish the building.