Buying A Pharmacy Checklist -

: 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.

: Draft a non-binding offer that outlines the price, payment terms, and conditions for the final sale.

: Audit the Pharmacy Management System (PMS) and automated dispensing units. Determine if capital reinvestment is needed for upgrades. 4. Valuation & Negotiation 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 .

: Start the change of ownership paperwork early, as transferring provider numbers and insurance contracts can take months. : If you aren't buying the real estate,

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

: Work with your attorney to include robust representations and warranties that protect you from undisclosed liabilities. Determine if capital reinvestment is needed for upgrades

: 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