: Confirm the pharmacy is in good standing with the State Board of Pharmacy and has all required DEA registrations and billing permits.
: 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 a pharmacy checklist
: Break down the volume by brand vs. generic , retail vs. specialty/compounding , and the concentration of your prescribing doctor network . : Confirm the pharmacy is in good standing
: Work with your attorney to include robust representations and warranties that protect you from undisclosed liabilities. Financial Due Diligence : Break down the volume
: Start the change of ownership paperwork early, as transferring provider numbers and insurance contracts can take months.
: Audit the Pharmacy Management System (PMS) and automated dispensing units. Determine if capital reinvestment is needed for upgrades. 4. Valuation & Negotiation
: Before making an offer, assemble a specialized group including a healthcare attorney , a CPA with pharmacy experience , and a pharmacy consultant .