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Read More »Pharmacy Ownership: Generational Change
Medici Capital recently published an article on their website that discusses a number of issues regarding the generational change of pharmacy ownership. Industry evidence suggests that the average owner of a pharmacy is between 50 and 60 years of age with a significant portion skewed towards the more mature generations. Given this, many pharmacies will change hands in the coming years resulting in a generational transisition of pharmacy ownership. As an owner or prospective owner, what have you done to prepare yourself for this change?
Read More »Looking to Buy A Business? Invest Time In The Process
On average, it takes a first-time pharmacy owner 3 years to buy a pharmacy - from the time they decide to buy, to the time they actually settle on their first business. Given that this is only the average, for many pharmacists the process can take much longer! So to give yourself the best opportunity to buy a pharmacy, it is important that you dedicate time to the process.
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