It is never easy selling a pharmacy, especially when you have built it up over a long period of time, established a reputation in the local community and have become very accustomed to serving patients for many years. Whatever the reason behind the decision to sell...
As retail pharmacies operate under many strict rules and regulations, it’s important to work with lawyers who have specialist knowledge of how the industry works and if you are considering purchasing a retail pharmacy it’s equally essential that you have an...
Whatever the reason behind your decision to sell your pharmacy, it’s important to give yourself enough time to prepare your pharmacy for sale, as prospective buyers will be looking for a number of factors when conducting their due diligence. Here, we provide an...
Buying a pharmacy can be an exciting but complex endeavour, especially if you’re new to the process. Here are essential factors to consider before when taking the plunge: Money talks… When considering a pharmacy purchase, you will need to delve into the financial...
Professional indemnity is designed to protect you from any lawsuits or acquisitions that have been filed by clients as well as other parties that allege to harm or loss as a consequence of an improper service, product or counsel that you have provided them with....
It’s no secret that big business has slowly but surely swallowed up smaller competitors over the decades. National supermarket chains like Asda and Tesco have overtaken small local grocers and shops, large clothing stores like Primark have brought cheap and cheerful...
Are you ready for the new online pharmacy system from PCSE Online? Here we’ll guide you through the new changes designed to make pharmacy applications much easier. The way pharmacies are bought and sold is changing. You may already be aware that in 2019 the PCSE...
Pharmacy transactions can often be a prosperous investment for entrepreneurs who are willing to put in the hard work. Given that healthcare demand is constant (rather than seasonal), there is often a good business case for owning a pharmacy. However, setting up a new...
It was revealed on 8th April 2020 that in an effort to focus NHS England regional team efforts where they are needed most, Primary Care Support England would be temporarily suspending all new market entry, market exit and consolidation applications, backdated to 25th...
If you are looking to sell your pharmacy, please note that any purchaser will insist on evidence of compliance of the above before the sale completes and vice versa, if you are looking to buy a pharmacy, please ensure that you obtain evidence of compliance before you complete the purchase.
Whatever the reason behind your decision to sell your pharmacy, it’s important to give yourself enough time to prepare your pharmacy for sale, as prospective buyers will be looking for a number of factors when conducting their due diligence.
When buying a business, there are many important legal considerations to take into account and lots of pitfalls to look out for—even more so when buying a pharmacy. This is because the pharmacy industry is highly regulated, and pharmacy owners are legally bound to protect the wellbeing of patients and the public in the way they run their business.
Selling a pharmacy is never easy, especially when you’ve built it up and served your patients for many years. So not only do you want the best value for your business when selling, but you also want the best for your patients and staff. With this in mind, our expertise in the pharmacy industry has enabled us to compile and answer a list of the questions most frequently asked by pharmacists when selling their pharmacy business.
The best way to prepare for the sale of your business is to be well informed: this will allow you to take the necessary steps to get the highest possible sale price for your business. With this in mind, our experienced solicitors have compiled an overview of the key points to consider when preparing to sell your business.
TUPE is an acronym for the Transfer of Undertakings (Protection of Employees) Regulations, which are designed to protect employees if the business they work for changes ownership or if there is any change in service provisions.
Due diligence is an integral part of any acquisition, allowing the buyer to thoroughly investigate every facet of a target company in order to ascertain its true worth. Here, we explain why investigating the social media worth of a target company should be a core component of the due diligence process.
Although it seems a long way off when you’re starting up, your exit strategy is one of the most important aspects to consider when building your business. A suitable exit strategy must be planned well in advance so that all of the necessary elements, like succession planning and appropriate pension schemes, can be put in place.
