: Request 3–5 years of tax returns and internal financial statements . Cross-reference these to ensure the numbers match and represent true cash flow.
: 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, as transferring provider numbers and insurance contracts can take months. buying a pharmacy checklist
: Work with your attorney to include robust representations and warranties that protect you from undisclosed liabilities.
: 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 : Request 3–5 years of tax returns and
: Before making an offer, assemble a specialized group including a healthcare attorney , a CPA with pharmacy experience , and a pharmacy consultant .
Buying an independent pharmacy is a complex process that blends high-stakes financial investment with strict regulatory compliance. This checklist breaks down the critical stages—from initial evaluation to closing the deal—to help you navigate the transition successfully. 1. Pre-Purchase & Assembly : Start the change of ownership paperwork early,
: Confirm the pharmacy is in good standing with the State Board of Pharmacy and has all required DEA registrations and billing permits.