Mergers & Acquisitions

There are good business reasons to adopt sound accounting practices. Detailed, exact books can help you assess your pharmacy’s financial performance and find areas of strength, weakness, opportunity and risk. They also make your life a lot easier when you have to deal with regulators, tax authorities or financial institutions. But they are absolutely essential when you want to sell your business for a good price.

Dr. Shawn Whatley argues that much of medicare’s dysfunction comes from compromises made to win votes in moments of political weakness.

Will the proposed capital gains changes require you to take action?

Like the banner agreement, the lease is a complex legal document, and generally never balanced in the way it is drafted. It always reads very much in favour of the landlord. When I review a lease, I think of it the same way as when I read an insurance policy. There is nothing drier on the face of the earth, but you need to understand it because the next time you pull it out to refer to it, it is because something really important is going on in your world.

I am preparing to precept my next fourth-year University of Alberta PharmD student for their non-patient care rotation. I highly recommend becoming a preceptor for students. I learn from each of them and I get energized by their enthusiasm for the profession. My rotation is an elective with a leadership/management focus, and I often match with students who express an interest in becoming a pharmacy owner down the line.

The Neighbourhood Pharmacy Association of Canada also gave the Distinguished Partner of the Year Award to Mike Dutton, vice president and general manager of Pharmascience Canada.

The company says it has acquired five locations in Saskatchewan, Nova Scotia and British Columbia in separate transactions.

There are countless decisions in pharmacy that we need to make even though they may be less than ideal or feel less than comfortable. As the profession continues to adapt to the complexity of healthcare, pharmacy will continue to change and that will mean having to make unpopular yet necessary decisions.