Cardinal Health - Pharmacy Transition Strategy

Since initially launching these services in October 2008, Cardinal Health's Transition Strategy and Management team has worked with more than 125 pharmacists interested in buying or selling an independent pharmacy. Because Cardinal Health serves more than 5,000 independent pharmacies throughout the United States, the company is uniquely positioned to match potential buyers and sellers and to help develop acquisition and exit strategies that take into consideration the specific challenges these owners face.

"Cardinal Health understands that to many independent pharmacists, planning for the future of their businesses is much like planning for the future of their families," said Jimmy Neil, vice president of Transition Strategy and Management for Cardinal Health. "It's extremely important - but it can also be a complicated, lengthy and emotional process. Studies show that ownership of more than 60 percent of community pharmacies will change hands within the next 10 years, so we're committed to making sure that independent pharmacies have all of the information and expertise they need to buy, sell or create a long-term exit strategy for their business."

Cardinal Health's Transition Strategy and Management team can help independent pharmacists to determine the best timing to buy or sell a pharmacy, learn how to structure the sales transaction and understand what kind of additional outside counsel they need.

Cardinal Health can also help independent pharmacy buyers to:

• Determine whether to pursue a start-up or acquisition
• Locate and qualify potential sellers
• Learn how to get attractive financing and how to negotiate a fair purchase price
• Create a long-term business plan, complete with a built-in exit strategy and
• Redesign newly purchased pharmacies to create a fresh, more efficient workflow.

Additionally, Cardinal Health can help independent pharmacy sellers to:

• Locate and qualify potential buyers
• Learn how to market their business for sale and how to negotiate a fair sales price and
• Determine how to invest the proceeds and what their role will be following the sale.

"Cardinal Health offered me a tremendous amount of personal, hands-on support to guide me through every step of finding and buying the right pharmacy," said John D. Ortego, PharmD, owner of Parkside Pharmacy in Sacramento, Calif. "They helped me learn about different pharmacy business models, negotiate the lease, understand the financing issues, think through changes I wanted to make to the store's design and even helped me create a long-term business plan. Cardinal Health treated every detail of my pharmacy buying and building experience like it was their own, and their invaluable guidance and expertise played a key role in helping me realize my dream of pharmacy ownership."

Cardinal Health's Transition Strategy and Management services are available to all independent pharmacy owners, pharmacy students and to pharmacists who aren't currently affiliated with an independent pharmacy but are considering independent pharmacy ownership.

About Cardinal Health
Headquartered in Dublin, Ohio, Cardinal Health, Inc. (NYSE: CAH) is a $91 billion, global company serving the health care industry with products and services that help hospitals, physician offices and pharmacies reduce costs, improve safety, productivity and profitability, and deliver better care to patients. With a focus on making supply chains more efficient, reducing hospital-acquired infections and breaking the cycle of harmful medication errors, Cardinal Health develops market-leading technologies, including Alaris® IV pumps, Pyxis® automated dispensing and patient identification systems, MedMined^TM electronic infection surveillance service and VIASYS® respiratory care products. The company also manufactures medical and surgical products and is one of the largest distributors of pharmaceuticals and medical supplies worldwide. Ranked No. 18 on the Fortune 500, Cardinal Health employs more than 40,000 people on five continents. More information about the company may be found by clicking on the link below to visit our website.

Live Oak Bank

Buying a Pharmacy
Our mission is to create an unprecedented banking experience for small business owners nationwide, through service and technology. Live Oak Bank is not your traditional bank. With a laser focus on innovation in finance and technology, we bring efficiency and excellence to the lending process. We believe deeply in personal service and focus on taking care of our customers throughout the life of the relationship.

Your Pharmacy Financing Partner
Live Oak Bank knows pharmacy. In fact, you could argue we’re the largest investor in community pharmacies, lending close to $700 million to the industry since 2010. Working with a lender who understands your business results in a smoother, more efficient lending process—and a loan package that meets your specific needs, whether you want to refinance, make an acquisition or sell your pharmacy.

What Makes a Live Oak Loan Different?

• Average pharmacy loan closes in 47 days
• Dedicated Pharmacy Lending Team focused only on pharmacy loans
• Technology-enabled, efficient loan process
• Customized loans tailored for pharmacies to acquire, reinvest and grow
• Peer experts who understand your pharmacy business
• Customer education, tools and resources to keep you informed and thriving

So Many Ways to Grow
We understand the opportunities and challenges community pharmacies face. Diversifying your business may help you achieve desired growth. Our financing options allow you to move towards your dreams with confidence.

• Financing for Telepharmacy
• Financing for Prescription File Buys
• Financing for Pharmacy Automation

Hayslip & Zost

Specialized Financing is Available!

We have sold and purchased hundreds of pharmacies over the past decade with satisfied sellers and buyers. Tony Hayslip and staff have more than 50 years of pharmacy expertise in all segments of the business.

Hayslip & Zost Pharmacy Brokers LLC specializes in successfully handling pharmacy sales transactions. We specialize in developing effective exit strategies for pharmacy owners in all states. Buyers turn to us first when they are expanding. Since we are experts in the industry, we can make sure your business value is maximized and your worries are minimized. We bring interested buyers together with interested pharmacy sellers – not simply "list" a business for sale. Unlike most business brokers, we only specialize in independent pharmacy ownership transaction.

So invest in your future by contacting the pharmacy sales professionals at Hayslip & Zost Pharmacy Brokers LLC. You will find out that we really can maximize the value of your pharmacy business, to get you the most favorable terms. Use the links below to contact us or to view our website.

First Financial Bank

Our commitment to customer service, our financial strength, and our banking professionals make choosing First Financial Bank a sound business decision. As a locally-owned, locally-managed bank, we are dedicated to providing the very best financial services so that we may stay ahead of the competition

Professional Lending

We understand the financial needs of professional businesses, such as pharmacies and pharmacists. When it comes to providing financial resources, your practice is our priority.

As dedicated as you are to keeping others healthy, we're just as dedicated to keeping your practice financially strong. We offer recent pharmaceutical graduates customized terms and accommodations for start-up or practice acquisition loans.

The very same goes for equipment, expansion, remodeling, and more for our practicing pharmacists. Don't limit your reach. As one of the nation's leading small business lenders, we're here with the dedication and the expertise you need to reach your business goals.

• Competitive rates available for practicing pharmacists and recent graduates
  • Both fixed and variable options
• Finance a wide range of practice needs:
  • Equipment-only loans
  • Expansion/remodeling loans
  • Business refinancing
  • Practice equity
  • Start-up loans or practice acquisition loans
• A wide range of flexible terms, customized to your unique situation
• One of the nation's top small business lenders
• Convenient one-on-one service that operates around your schedule
• Commitment to getting you the lending you need and deserve

For more information on our services, please click the link below

Pharmacy Values are currently very high.

Don't sell yourself short.

At Pharmacy Consulting Broker Services, we know that properly executed commercial transactions are complex. Selling your pharmacy without a licensed agent can net a lower price and pose a higher risk of litigation. Let us take the hassle and worry out of selling your pharmacy. We will work with your attorney and accountant to provide professional and confidential representation from start to finish, netting you the highest value for your pharmacy.

With Pharmacy Consulting Broker Services, you will be working with a fully licensed Pharmacy commercial agent who is a registered pharmacist and pharmacy industry specialist, legally licensed to sell a pharmacy. We will provide unsurpassed access to buyers and the national presence and negotiating clout to bring you the highest value for your pharmacy, all at a competitive rate.

Listing Service
Pharmacy Consulting Broker Services offers a full listing service to help sell your pharmacy at the highest possible price. When you list with us, you can be assured that your transaction will be handled with the utmost integrity and professionalism. Many brokers and consultants claim they have a "proprietary list of buyers" or "know who the buyers are". The simple truth is that no company is more connected to buyers on a state and national level than Pharmacy Consulting Broker Services. Listing your pharmacy for sale with us will give you the number one advantage in obtaining the highest value for your pharmacy, and that is exposure to multiple qualified buyers. Our listings are brought to the five major types of buyers through a national marketing program, dramatically increasing your chance of bringing the greatest number of qualified buyers to the negotiating table, which is the key to driving the highest value for your pharmacy in todays market.

• Confidential and Discreet
• The Consulting Broker Advantage

Buyer Services
Pharmacy Consulting Broker Services offers a full range of buyer services. We can assist buyers in obtaining financing, helping refine and perform due diligence for a potential pharmacy acquisition, do an appropriate valuation for an asset sale or legal needs, and analyze business operations and performance.

• Financing Options
• Due Diligence Assistance
• Determining Market Value

Seller Services
Pharmacy Consulting Broker Services offers a full range of seller services. We will first determine the market value of your pharmacy. We will then build a professional portfolio ("the book") to present to qualified buyers. Then we will launch our proprietary national marketing program to locate potential qualified buyers. After we narrow down a list of candidates, we will look at offers and negotiate your purchase agreement and price. Once we find an acceptable buyer with an acceptable price, we will set up and attend the "closing" of your deal with you as your representative.

ProRxBrokers

Your Trusted Pharmacy Broker

ProRxBrokers offers assistance to pharmacists who are buying and selling pharmacies. We provide a confidential pharmacy brokerage service and protect your business interests. Building trust is important to us, and you can rely on our integrity. In a truly successful business transaction, there's a satisfied buyer and a satisfied seller, and that's our ultimate goal as a pharmacy broker.

We help buyers choose the right property at the right price, and we maximize the return on a seller's investment of years of hard work. Rely on us to make your transaction as seamless as possible from beginning to end.

Let us Help You Choose and Buy a Pharmacy

Realize your goal of owning your own pharmacy. ProRxBrokers helps you buy a pharmacy in your preferred geographic area, and we use our extensive knowledge of the industry to guide you to a profitable choice. We locate opportunities, review them with you, and refer you to legal counsel when appropriate. You also receive assistance with lining up financing options to complete your purchase transaction.

• Pharmacy Acquisitions- At the beginning of our relationship as a broker and buyer, we consult with you about your requirements and desires regarding a potential pharmacy purchase. We work closely with you, and we can help you purchase any type of pharmacy, including retail, compounding, LTC (long-term care), and specialty pharmacies.

• Matching Buyers and Sellers- Count on our outstanding ability to match a buyer's needs with available pharmacies. We use our expertise to present realistic options for your consideration, and we negotiate a price that is acceptable to both the buyer and the seller. Rely on us to protect your confidentiality throughout the buying process.

Professional Assistance When You're Ready to Sell a Pharmacy

ProRxBrokers offers our services to independent pharmacy owners who are looking to transition to a different stage of life. Contact us if you're thinking about retirement, if you want a lifestyle change, or if you wish to sell for any other reason. Our goal is to maximize the value of your investment and all the work you've put into your pharmacy.

• Small Chains- If you have a small chain and you're interested in selling your stores, we can help you as well. Our pharmacy consultant has decades of experience with chain drugstore companies.

• Your Valuation- We have the knowledge and expertise required to understand the value of your pharmacy. You receive a fair and true valuation, taking into consideration supply and demand.

• Collecting Information & Confidentiality- We work with you to find an agreeable selling price, and we gather the information that potential buyers want to see. Your confidential information is kept private while the transaction is being finalized.

• Negotiating With Buyers- Let us negotiate with the buyer on your behalf and work with their legal counsel. Our consultant guides your transaction from the beginning of the sale process right through to inventory day.

To learn more information, contact Pete Crabtree at (865) 604-7028, or email pete@prorxbrokers.com