Owning a pharmacy is complicated. You are responsible for delivering the highest level of patient care. You are running a business in one of the most tumultuous and competitive markets the industry has ever seen. And, you are responsible for representing the voice of independent pharmacy both in your community and in your local, state, and national legislative bodies.
When it comes time to sell your pharmacy—or to add one to your existing roster of businesses—that complexity increases. But don’t worry if you haven’t mastered every aspect of the transition process. Here are a few things to keep in mind whether you are buying or selling:
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Although Alzheimer’s Awareness Month has come to a close, there is still plenty of time to put together a team to join the Walk to End Alzheimer’s scheduled to take place near you. For Astrup Companies—the family-owned Minnesota company that started Smart-Fill; a couple of dozen retail, long-term care, and specialty pharmacies; and a smattering of other pharmacy-related businesses—supporting Alzheimer’s research is an important, and very personal, part of our mission. Our founder, Leonard Astrup, lost his battle with the disease five years ago, which is why we keep tabs on the latest research developments in the industry and companies that are emerging to make a difference in the fight to end the disease. It’s also what makes stories of thwarted research (login required) so disheartening. Many of our patients, and no doubt yours, have personal stories about how the disease has impacted their lives and the lives of those they love. To that end, we’re happy to share with our community some patient and caregiver resources as well as this downloadable sheet on the warning signs of disease, all of which you can feel free to share with your patients. For more information on how you can help, find your local Alzheimer’s Association chapter here.
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