Siren Pharmacy: Helping pharmacists buy pharmacy from an estate without quitting jobs

Siren Pharmacy: Helping pharmacists buy pharmacy from an estate without quitting jobs
Tiffany and John are both pharmacists and responded to the late night request for someone to open the local pharmacy in the morning when the owner was suddenly hospitalized. Unfortunately, the owner died. Though they had never considered buying own business, thought it could be an exciting adventure. Almost immediately, they were overwhelmed between their current full-time jobs (which they couldn't give up) and the details of taking ownership of the pharmacy. The circumstances were riddled with problems. The wholesaler's ownership program provided some direction, but could not offer the detailed information and expertise they needed so referred them to Owen BonDurant at Independent Rx Consulting. John and Tiffany were able to continue working full-time at their jobs, while we helped them manage the licensing and credentialing process for the pharmacy. Our team helped expedite the acquisition process, while educating the couple on running a pharmacy business - and providing ideas for more opportunities for enhancing their store.  

Objective

Helping pharmacists suddenly acquire their local pharmacy when it goes on market due to owner’s death - all while keeping their full-time jobs.

Problem Solved

Expedited a complex acquisition process while concurrently educating clients on pharmacy ownership - and doing it around their full-time work schedules.

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