E24 - Technology Considerations when buying and selling your Pharmacy

On this episode of the Pharmacy View podcast, Scott and his guest, Natalie Sirianni, break down the many components involved in the sale of a pharmacy. A broker whose entire family works in various aspects of the industry, Natalie draws on 15 years of experience. She walks us through a checklist of items to consider when buying or selling a pharmacy. Many of the most challenging aspects of such sales extend well beyond traditional bricks-and-mortar business concerns. Social Media Clips: • The ways in which technologies have transformed due diligence and the process of purchasing a pharmacy through the use of virtual data rooms. (06:23-07:38) • In addition to other technology systems, social media can present a “bit of a minefield” when it comes to the smooth transfer of pharmacy business operations. (13:07-13:56) • Technology smooths the process, but at the same time adds steps and variables to consider and address. (16:35-16:50) • Confidentiality requires that sales are kept confidential even from staff up until the last moment, which has implications for transitioning into a new operation. (19:11-19:42) • Medici Capital-sponsored events, what they offer and what’s ahead post-Covid19. (24:46-25:58) Links for Natalie Sirianni: (Company Website): www.iattain.com.au Natalie's Bio @LinkedIn Medici Capital Events Pharmacy View/Sponsor Contacts: Scott at LinkedIn https://shopfrontsolutions.com.au/