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™ 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.

In these changing times, a variety of issues such as profit margin erosion, government regulations, increasing overhead costs, and low third party reimbursement rates continue to diminish the profitability of the community pharmacy. These factors, along with a limited number of potential buyers, have made the CVS/pharmacy Acquisitions Program an attractive and realistic alternative for many independent pharmacies. Over the years, our acquisitions program has become the benchmark in the industry, building a reputation of integrity, fairness and compassion for pharmacy owners who have made the decision to sell their business.

A purchase by CVS may involve front store inventory, pharmacy inventory, and a payment for your prescription files. We would work with you to structure a financial arrangement that will accommodate creditor situations and individual tax needs.

In addition, our growing prescription business has created a need for quality pharmacists to join our staff at a competitive salary with a comprehensive benefits package.

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.