If you are buying a pharmacy or selling a pharmacy, our team of experts can help. On a daily basis we guide clients through the purchase and sale process.
How we can help
Tax planning
- Maximising tax savings on acquisition.
- Minimising tax liabilities on disposal. In some circumstances there is the possibility of selling your pharmacy tax free.
- Advice on the long-term tax strategy.
Specialist advice on the sale/purchase
- We will advise on the most suitable structure for the deal and utilise corporate group structures where it is appropriate.
- We have strong working relationships with numerous specialist solicitors, bankers and brokers in the pharmacy sector. It’s important to use specialists who are familiar with the pharmacy sector as they have the relevant experience to protect your interests in the deal.
- Assistance with negotiating the best deal for your business and agreeing the relevant terms including the implications of any deferred consideration
- We can “project manage” the whole process and co-ordinate between solicitors and bank and push to get the deal over the line.
Raising finance to support acquisitions
- We regularly help clients raise the finance to fund an acquisition through our extensive network of lenders who specialise in the healthcare sector.
- Cashflow forecasts are often required to support finance applications. These will be needed to demonstration that the loan repayments can be met without putting the business into difficulty.
- There are numerous types of funding in the pharmacy market from standard bank loans to the Prescription Early Payment Scheme (PEPS). We can advise of the impact and suitability of your funding.
Due diligence
- When acquiring a pharmacy, it is very important that the financials of the target are reviewed thoroughly.
- The required levels of due diligence vary depending on what is being purchased. This is one of the most important aspects of an acquisition as a way of checking that the financial affairs of the pharmacy have indeed been presented correctly and the pharmacy performance and valuation are accurate.
The next step
If you would like to discuss the services we can provide for your business in more detail, please contact our specialists:
• John Ierston Partner (UHY Chester)
• Dave McIver Senior Manager (UHY Chester)
Telephone: +44 1244 320 532
Email: pharmacy@uhy-chester.com
Let's talk! Send an enquiry to your local UHY expert.
