Buying A Pharmacy Checklist — Verified & Easy

: Start the change of ownership paperwork early, as transferring provider numbers and insurance contracts can take months.

: Break down the volume by brand vs. generic , retail vs. specialty/compounding , and the concentration of your prescribing doctor network .

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

: Before making an offer, assemble a specialized group including a healthcare attorney , a CPA with pharmacy experience , and a pharmacy consultant .

: 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). : Start the change of ownership paperwork early,

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

: Evaluate the pharmacy’s relationships with Pharmacy Benefit Managers (PBMs). Understand the risk of future audits or potential clawbacks. : Decide whether you are seeking a share

: 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