Mergers & Acquisitions

Many pharmacy owners have the means and the desire to loan money to their children for a variety of good reasons. This post considers some of the pitfalls you may wish to consider. We encourage you, as pharmacy owners, to speak with your accountant and estate lawyer before loaning money to your children. You’ll be glad you did!

Every investor likely has specific circumstances and situations that may limit utilization of some of these year-end tax tips. It’s best to check with your accountant first before making any tax-related changes. You have plenty of time before the year end to take action, so get cracking…unless you actually enjoy paying taxes!

The company says the acquisitions are set to close ‘in the coming weeks, pending customary regulatory approvals’.

Most pharmacy owners retain a financial advisor selected early in their commercial life without thoroughly analyzing whether that advisor remains a good fit for them. What should pharmacists and pharmacy owners consider when choosing the right financial advisor?

The suit accused Shoppers Drug Mart of breaching a franchise agreement and unfairly seizing profits, and alleged that it owed them money.

Walgreens Boots Alliance announced approximately 1,200 store closures over the next three years, including approximately 500 closures in fiscal 2025.

In pharmacy, the iceberg principle will apply at each step of promotion along the various dispensary or head office jobs. This will also apply in the change from managerial to ownership roles. We can only see what we understand and the truth hits home when we finally step inside.

The days of ‘Command and Control’ – ‘Do as I say, not as I do’ – are long gone, and thankfully so. You don’t have to be the CEO to influence the culture of your organization or store. Everyone plays a part in the establishment of the work culture; the CEO simply sets the tone and encourages similar behaviours from every team member.