Buying a pharmacy is undoubtedly one of the most significant business decisions a pharmacist will ever undertake.

If approached correctly, it can prove a profitable investment. If handled incorrectly, however, the buyer risks losing their investment.

As is true for any business, the acquisition process can often be complex, with many legal implications to consider and various traps and pitfalls awaiting the unwary or unprepared. For pharmacy businesses, further complexity is imposed by the strict regulation of the sector.

With additional duties upon the buying pharmacist(s) and numerous regulatory compliance issues to be considered, it is imperative to get things right.