: Request 3–5 years of tax returns and internal financial statements . Cross-reference these to ensure the numbers match and represent true cash flow.
: Before making an offer, assemble a specialized group including a healthcare attorney , a CPA with pharmacy experience , and a pharmacy consultant .
: Ensure the seller signs a non-competition and non-solicitation agreement to prevent them from opening a competing shop or poaching patients nearby. 5. Finalizing the Transaction buying a pharmacy checklist
: Evaluate the pharmacy’s relationships with Pharmacy Benefit Managers (PBMs). Understand the risk of future audits or potential clawbacks.
: 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. : Request 3–5 years of tax returns and
: 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
: Start the change of ownership paperwork early, as transferring provider numbers and insurance contracts can take months. : Ensure the seller signs a non-competition and
Are you planning to buy a or a small chain , as that will change how you approach the staffing and PBM audits?