If you’re thinking about selling your compounding pharmacy, ask yourself this critical question:
Is my pharmacy truly turnkey?
In today’s acquisition market, buyers are looking for pharmacies that are ready to operate seamlessly without heavy owner involvement. Here’s why it matters and what makes your business turnkey and attractive to companies like Rombool Group.
What Makes a Compounding Pharmacy Turnkey?
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Strong Policies and Procedures
A well-documented and actively used policy and procedure manual is essential. This includes:- USP <795>, <797>, and <800> compliance procedures
- Compounding protocols for each formulation
- Quality assurance and batch testing documentation
- Employee training and safety protocols
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Experienced and Trained Staff
Your team is your greatest asset. Buyers want:- Licensed, trained pharmacists capable of checking prescriptions and formulations
- Skilled compounding technicians confident in daily operations
- Cross-trained staff to cover multiple roles when needed
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Technology and Systems
Turnkey pharmacies have:- A robust pharmacy management system (PMS) with eRx, compounding modules, and inventory management
- Secure backup systems for patient data
- Cleanroom monitoring and environmental systems with digital recordkeeping
- Telepharmacy or remote verification capabilities, when allowed by state law
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Operational Independence
Buyers look for pharmacies that do not rely heavily on the owner’s daily involvement for:- Prescription verification and final checks
- Provider relationship management
- Business administration tasks
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Emergency Preparedness
In Florida and across the country, natural disasters and unforeseen events happen. Pharmacies that have:- Hurricane and disaster preparedness plans
- Backup power and data recovery systems
- Employee call-out coverage plans
Why This Matters to Buyers Like Rombool Group
At Rombool Group, we seek to acquire pharmacies that we can:
- Operate and manage efficiently with existing staff in place
- Scale and grow through strategic systems improvements
- Integrate into our portfolio with minimal disruption
If your pharmacy requires the owner to check every prescription or manage every daily task, buyers may view it as riskier and less turnkey, lowering your valuation.
Position Your Pharmacy for a Successful Sale
To maximize value:
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Develop and maintain comprehensive SOPs
Invest in staff training and retention
Implement the latest compounding and pharmacy technologies
Build operational independence from ownership
Ready to Sell?
If you have built a compounding pharmacy that is turnkey, resilient, and staff-driven, it’s exactly the type of business that buyers like Rombool Group are seeking to acquire.
Visit www.Rombool.com to learn more and connect with us about purchasing your pharmacy.