A Pharmacy Checklist — Buying

: Start the change of ownership paperwork early, as transferring provider numbers and insurance contracts can take months.

: Work with your attorney to include robust representations and warranties that protect you from undisclosed liabilities.

: Evaluate the pharmacy’s relationships with Pharmacy Benefit Managers (PBMs). Understand the risk of future audits or potential clawbacks. buying a pharmacy checklist

: Draft a non-binding offer that outlines the price, payment terms, and conditions for the final sale.

: Identify key employees who are vital to operations and check for any outstanding employee liabilities or special accommodations. : Start the change of ownership paperwork early,

: 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

: Request 3–5 years of tax returns and internal financial statements . Cross-reference these to ensure the numbers match and represent true cash flow. Understand the risk of future audits or potential clawbacks

: 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).