Practice4Sale News & Articles

This requires legal advice. A non-pharmacist cannot have a pecuniary interest in a pharmacy. However, they may provide 'financial backing' in the same way a bank can provide financial support. Call Medici Capital to discuss. Medici C ... Read more Financial Backing

For many pharmacy owners, they will need to seriously consider selling their pharmacy. Whether this is for personal reasons or forced on them by market conditions, they will need to approach the process with caution and take control. It's your mo ... Read more Selling your pharmacy - steps to a successful sale

If you have done your homework and a thorough due diligence then (within reasonable confidence limits) the business should deliver minimum surprises. However, possible dangers could include: Poorer financial performance than your expectations ... Read more Sales Opportunities

Use Medici Express for a quick and simple indicative valuation. If we are talking about the business value this is still able to be determined as a total value through financial analysis it then becomes a matter of agreeing share and remuneration ... Read more Validating Valuations

I am often amazed at the number pharmacy partnerships that do not have a partnership agreement. Yes, I often find that many pharmacists have not executed a partnership agreement. Their lawyer or accountant may have prepared the agreement, but they "j ... Read more Devil is in the Detail - Documentation & Implementation

Succession planning refers to the process of progressively transferring ownership and control to another generation of owners. In essence, it aims to promote a win-win situation for vendor, entrant and industry as a whole. Long used by other professi ... Read more Succession Planning: an important strategy for wealth creation and the long term survival of independent community pharmacy