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We’re here to provide you with guidance as you prepare your pharmacy for new ownership.
With many years of experience in the Canadian healthcare industry, we understand the commitment to quality that community pharmacies have across the nation. Our dedicated team can help ensure that your pharmacy transitions to new leadership with ease and minimal disruption.
With the right approach, your team and community will continue to receive the guidance, care and support that they deserve. While also ensuring that you make informed decisions and feel confident in your plan every step of the way.
We are dedicated to maintaining the legacy you have created, which includes a commitment to staff retention. Although, there are instances where staff are not able to be retained.
The process typically involves identifying a suitable pharmacy, conducting due diligence, negotiating terms, securing financing, obtaining necessary licenses, and completing the sale transaction.
Common contracts include the purchase agreement, non-disclosure agreement (NDA), and any lease or supplier agreements associated with the pharmacy.
Challenges may include financing difficulties, regulatory hurdles, and competition. Working with experienced professionals and conducting thorough research can help overcome these challenges.
Existing staff and pharmacists are often crucial to the pharmacy’s success. Retaining experienced personnel can help with a smooth transition.
Effective communication with the previous owner, staff, and customers is key. Having a well-defined transition plan in place can also help.
The timeline can vary but usually takes several months. It involves negotiations, due diligence, financing approval, and regulatory compliance.
Contact our team of dedicated and experienced professionals today.