KEY AMENDMENTS TO THE PHARMACY LOCATION RULES
There are key changes to the Pharmacy Location Rules (‘the Rules’) which will come into effect from 3 October 2018 and will apply to applications made on or after this date. Key changes The key
MAKING AN OFFER THE VENDOR CANNOT REFUSE
An Offer to Purchase or Heads of Agreement (“Offer”) is typically the first document provided to a buyer in a proposed pharmacy business sale transaction. It is a common fallacy that all initial Offer documents
WHO IS CONFLICTED IN PHARMACY SALES?
At Pharmacy Solutions we have always maintained our complete independence from other avenues of revenue associated with the sale of business. There are so many potential conflicts that we have decided it is best to
WHAT DOES THE PHARMACY SALES MARKET HOLD IN 2018?
The year gone was a busy year for us at Pharmacy Solutions. There were 29 sales and numerous consultancy work – mostly in relation to lease negotiations. I am anticipating that 2018 will be very
IS THERE VALUE IN A BRAND WHEN SELLING A PHARMACY?
I have thought back through all our sales over the last few years trying to think of a sale that has benefitted the vendor because he belonged to a particular brand and cannot think of
FRANCHISE AGREEMENTS AND SALE OF BUSINESS
It is common for franchise agreements to contain a clause that requires the franchisee to allow the franchisor to match any offer made when selling a pharmacy. A purchaser needs to be made aware of
BREAKING A COVENANT DOESN’T HAVE TO SIGNAL THE END
For pharmacists suffering the consequences of PBS changes, help is at hand. As a direct result of the government’s controversial changes to the Pharmaceutical Benefits Scheme, many pharmacists are facing tough times ahead that could
WOULD YOU LIKE A DOCTOR IN YOUR PHARMACY?
Thanks to a new website and the readily available technology we are all using every day, you can have one. In fact, your customers can now see a doctor in their lounge room, their office,
IS THE PHARMACY IN THE RIGHT STRUCTURE?
The passing of the New South Wales Government budget has removed stamp duty on business transfers from 1 July 2016. It is therefore timely for every pharmacy owner (whether in NSW or another State) to
MY WAY OR THE HIGHWAY: EXPANSION OF UNFAIR CONTRACT TERMS LEGISLATION TO SMALL BUSINESS
Beginning in November 2016, provisions in the Competition and Consumer Act 2010 (Cth) originally designed to protect consumers from unfair terms in standard form contracts will be extended to contracts where at least one party
INDUSTRY CHANGES REQUIRE CHANGE MANAGEMENT
Annette Ivory-Barker, Director, Pitcher Pharmacy Change management is not always easy but the many benefits of the “External Management Accounting” (EMA) program definitely makes it worthwhile. We recognise that to be competitive in today’s environment,
NEGOTIATIONS VIA EXCHANGE OF EMAILS – CAN THEY AMOUNT TO A BINDING LEGAL CONTRACT?
Whether you are business broker, real estate agent, professional advisor, purchaser or seller of a business or property, often the key terms of the proposed acquisition are negotiated and in turn agreed by exchange of