Testimonials From Independent Pharmacy Owner Clients
In 2005 I felt the need to call an end to owning my own pharmacy. Now don't think for a minute that you are hearing from a loser and quitter. My pharmacy did about two and a half million gross every year the last six years. I did it as the only pharmacist with six very good technicians. We had six computer stations besides the main station & ran four cash registers.
Seventy years of age, no vacations, third party pay & burgeoning regulations just burnt me out.
The idea of selling the pharmacy scared the heck out of me. I was sure that I'd take a big loss & dreaded going through the details of closing it out.
A man named Guy Stillwell was recommended to me. Some background checking on him impressed me. First of all he had a pharmacy background & a long line of successful pharmacy sales. When we met, I found him to be a comfortable man to work with.
Guy Stillwell soon had several independent pharmacies & several chains wanting the business. He did a great job & got top dollar for me. He kept me well informed as he went and he walked me through the closing.
John P. Taylor, RPh , West Plains, Missouri
________________________________________________________
"The most important thing to us was to make sure the neighborhood pharmacy STAYED as neighborhood pharmacy.”
“We took care of our patients for almost eighteen years. They deserved a smooth transition to pharmacists who would continue the fine service our people were accustomed to.”
“Patients who come to a pharmacy deserve personalized service, the kind of care independent pharmacies are known for.”
“Guy Stillwell understood our needs. He understood that transferring a pharmacy is a process that requires time, expertise, patience and trust. All of these pieces need to fit in order for both parties to be satisfied with the outcome.
Julie K. Johnson, Pharm.D, Executive Vice President and CEO
Minnesota Pharmacists Association, Roseville, Minnesota 55113
________________________________________________________
After over thirty-four years of pharmacy practice, I came to the conclusion that it was time to end my ownership of a local independent neighborhood pharmacy. The issues surrounding this decision seemed overly complex and insurmountable.
First and foremost, was my business worth anything? And if it did have value, how much? And, even more important, what about my customers? And what would happen to my employees? How could I possibly protect and insure a future for these dedicated individuals, one of which had over twenty-four years of employment with my business? And how could I find a potential buyer?
I have a lot of experience owning and managing a local pharmacy, but I know very little about finding the best answers to these questions. Pharmacy Consulting Associates, (PCA), helped me find my answers to the above questions! And when the negotiations became even more complex due to unexpected complications, PCA stepped in, and insured that those negotiations went to successful completion!
Gary D. Gilmour, R.P., Plaza Mart Pharmacy, Lincoln, NE
________________________________________________________
When my husband Paul and I decided to retire, we hoped to sell our pharmacy to an independent. We had been a Medicine Shoppe for twenty years, then “The Medicine Cabinet” for the last five years. However, we could not find anyone locally who was able to purchase our pharmacy.
A chain store had given us an offer, but we had serious reservations about accepting it. Paul was a compounding pharmacist and had a number of specialty patients. It was likely that with the sale to a chain these services would be eliminated. Furthermore, the chain told us that only one of out employees would be hired. We worried about our patients, customers, and staff. They depended on Paul.
We approached Guy to look over the contract from the chain. He explained that our pharmacy could continue its tradition, stay in the same location, continue to take care of our patients, and generate a higher selling price. He established rapport with us, listened to our concerns, and offer his services. He was professional, thorough, and competent in representing us. He brought us an offer from a buyer who would keep our pharmacy going, and the offer was considerably more than the chain.
Throughout the process, Guy kept us informed, answered all our questions, gave guidance, and made the transaction much easier than we believed possible.
Today the pharmacy continues to provide the services our patients became accustomed to. We recommend Guy to other pharmacy owners without hesitation.
Martha & Paul Anthony, The Medicine Cabinet, Springfield, Ohio
________________________________________________________________________
Our Endorsements
Support of your State Pharmacy Association is critical in securing the future of independent pharmact practice. If you are not a member, join today. Click on your state below to learn about the benefits of membership.
Arizona Pharmacy Alliance
California Pharmacists Association
Colorado Pharmacists Society
Florida Pharmacy Association
Georgia Pharmacy Association
Georgia Academy of Independent Pharmacy
Illinois Pharmacists Association
Indiana Pharmacists Alliance
Iowa Pharmacy Association
Kansas Pharmacists Association
Kentucky Pharmacists Association
Louisiana Pharmacists Association
Maryland Pharmacists Association
Michigan Pharmacists Association
Minnesota Pharamacists Associaiton
Missouri Pharmacy Association
Nebraska Pharmacists Association
North Carolina Association of Pharmacists
Oregon State Pharmacy Association
Pennsylvania Pharmacists Association
South Dakota Pharmacists Association
Virginia Pharmacists Association
Washington State Pharmacists Association
Pharmacy Society of Wisconsin
| 