Need Help Transferring Your Pharmacy?
Our Pharmacy Transfer Consultants have the Expertise to Make the Process Smooth and Stress-Free
Pharmacy Transfer Consulting Services
Transferring your pharmacy’s ownership is a big step. Are you ready to navigate licensing, compliance, and PBM policies without risking costly mistakes or delays?
Why Choose PRS Pharmacy Services?
For over 40 years, PRS Pharmacy Services has facilitated hundreds of pharmacy transfers. Our proven process and exceptional reputation have made us the exclusive Pharmacy Ownership and Broker Consultant endorsed by the National Community Pharmacists Association (NCPA), Federation of Pharmacy Networks (FPN), and pharmacy buying groups representing over 15,000 independent pharmacies. Whether you’re buying, selling, or transferring ownership, we’re here to ensure your transition is smooth, timely, and error-free.
Details Matter in Pharmacy Transfer
When it comes to pharmacy transfers, the details matter. Simple mistakes can cost tens of thousands of dollars and delay the process by months.
PRS handles every aspect for you, including:
- Layout a plan and timeline that provides specific directions and guidance to help coordinate the pharmacy acquisition in a seamless and timely manner.
- Assist with State and Federal Pharmacy Licensing procedures by ensuring the continuation of existing state and federal licenses and permits and/or assisting with obtaining new ones, if applicable, depending on state regulations and structure of sale (asset or stock purchase).
- Help to Maintain Pharmacy Compliance with state, federal and other rules and regulations during the transfer phase.
- Prevent Interruption of Third-Party Insurance and PBM Contracts
- Guidance and paperwork to allow new owner utilization of the current owner’s third party contracts
- Agreement for the forwarding of insurance reimbursements to the buyer while using the seller’s contracts
- Power of Attorney Agreements Regarding Controlled Substances
- Compliance and Regulatory Program Evaluation (i.e. HIPAA, FWA, Exclusion, etc.)
- Purchase Agreement Consultation (non-legal) Assist with the prep of pharmacy-specific items in the asset or stock purchase agreement.
- PRS is available to advise and consult with legal counsel on pharmacy-specific items to ensure a smooth and efficient ownership transfer.
- Sample wording for these pharmacy-specific items can be provided to your attorney
Trusted by the PRS Clients
"PRS provided a detailed plan that kept our 111-year-old pharmacy in the family with no service disruptions. Their knowledge of licensing, DEA regulations, and PBM policies made the transition seamless. I recommend them to everyone."
— Tony, Pharmacy Owner | Council Bluffs, IA
"PRS made sure everything was done in the right order, smoothing the transition process. Their expertise was invaluable."
— Shawna, Pharmacy Owner | Downs, KS
Can You Transfer Pharmacy Ownership on Your Own?
Yes, but it’s risky.
Missing even a small detail, like a license renewal or PBM requirement, can lead to interruptions in operations, lost revenue, and significant delays. Most pharmacy owners simply don’t have the time to navigate the complex regulations involved.
Don’t go it alone. Let PRS Pharmacy Services take the stress out of your pharmacy transfer.
Our affordable, expert-driven service will save you time, money, and headaches while giving you peace of mind.
Bonus Tip: Get a Pharmacy Valuation Before Transferring Ownership
Knowing your pharmacy’s true value is essential for a successful transfer. Our pharmacy valuations provide a fair, unbiased review of your business, ensuring both buyer and seller have the right data for negotiations.
Every Situation is Unique, and So is Our Approach.
Contact us today for a free, confidential consultation.
We’re here to help you every step of the way!
PRS IS AN ACCREDITED BUSINESS INTERMEDIARY