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

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.

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.

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

RxOwnership

Pharmacy ownership transfer has never been more complex. With that in mind, RxOwnership was created with one purpose in mind: to help pharmacy professionals with the sale, purchase, or transfer of independent pharmacies.

RxOwnership brings together the expertise of McKesson with the dedication of our expert Ownership Consultants to support the needs of current and future pharmacy owners. Whether you're looking to sell a chain of pharmacies that's been in your family for generations -- or purchase your very first pharmacy business -- RxOwnership is a helpful resource for everything from planning to staffing.

Plan an Independent Pharmacy Career

It's never too soon to plan for the purchase of your pharmacy

For many pharmacy professionals, the ultimate goal of a pharmacy career is pharmacy ownership. The freedom and responsibility that comes with owning and managing one's own pharmacy is unmatched in our industry. However, the process of buying an independent pharmacy is extremely complex. Powered by McKesson, RxOwnership is here to help.

RxOwnership provides you with the tools and resources you need to plan for the successful acquisition of your very own pharmacy. With information on everything from Business Basics to Store Set-Up you'll know exactly what it takes to fulfill your dream of pharmacy ownership.

Embrace the business of pharmacy ownership.

Above all else, a successful pharmacy is a successful business. That's why you'll want to address a range of important considerations that go well beyond running your pharmacy practice. Those considerations include:

• Developing an effective business plan
• Budgeting and business projections
• Evaluating third-party contracting
• Instituting human resources management
• Planning and executing marketing programs

RxOwnership Ownership Consultants can also provide you with guidance to point you in the right direction to find the information you need. Most likely, the information you need is available to help you become a successful pharmacy owner.

Sell or Transfer Pharmacy Ownership

It's never too soon to plan for the sale of your pharmacy

As a pharmacy owner, planning for the eventual sale of that pharmacy is one of the most important things you can do -- for yourself and your customers. However, the process of selling an independent pharmacy is extremely complex. Powered by McKesson, RxOwnership is here to help.

RxOwnership provides you with the tools and resources you need to plan for the successful sale and transfer of your pharmacy. With our tools, resources, and especially our Step-by-Step Guide, you'll know exactly what it takes to sell successfully.

Steps for planning your pharmacy's future

If you approach the process of selling your pharmacy in a step-by-step manner, it won't be overwhelming. By giving yourself sufficient time, you can carefully consider and refine what is best for you, your family, your employees, and your community. You will have time to consult with colleagues who are several years ahead of you in the process, and to build a team of specialists around you.

As you think about the ownership transfer of your pharmacy, jot down what you want the pharmacy to be like in 3, 5, or 10 years. This can help you understand how you want to sell your pharmacy -- and to whom.

Financing as part of the sale process.

Many pharmacy owners, sellers, and sales managers attempt to start the ownership transfer process with financing. This is a guaranteed recipe for disappointment. As has been pointed out repeatedly, there are myriad decisions that must be considered and made before considering financing. Financing should only be approached once the succession planning has been completed.

There are many different types of financing available today. Most people think first of traditional lenders such as banks and organizations such as the Small Business Administration (SBA) when they think of financing. Others think of suppliers and wholesalers providing dating of product as a form of financing. In addition to these, financing can come from a current owner "taking back a note." Loans from parents and relatives also are common forms of financing.

Rarely is just one type of financing used in the sale/purchase of a pharmacy. For this reason, it is important to understand the breadth of financing options available.

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.