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Prior to the beginning of this decade, opportunities for independent pharmacists to provide medication for other than traditional retail patients was limited to nursing home patients in skilled nursing facilities and, in some cases, to the dispensing of home infusion preparations. Since the year 2000, many significant new opportunities have opened up for independent pharmacists and the term specialty pharmacy has acquired a new and much broader meaning. A recent article in Drug Topics highlights the many areas that pharmacies are involved in that take them well outside the realm of traditional dispensing. A potent combination of the aging populations, defined (and high risk) disease states, special dosage forms and special patient packaging requirements/dosage delivery systems have opened up new arenas for independent pharmacies to provide products and professional services for the many patients with special needs.

Included among these are:
 

- Assisted Living Facilities
- Board and Care Homes
- Infertility Patients
- Oral Oncology Products
- Diabetes & Respiratory Care Patients

- Skilled Nursing Facilities
- Retirement Homes
- HIV and AIDs Patients
- Compounding Pharmacies
- Home Infusion
 

In many cases, these specialty arenas cross over with each other in one way or another, which has provided further opportunity for those pharmacists who wish to carve out a new, profitable niche for themselves. The inability of giant corporations to provide a personalized customer service function has definitely enhanced these opportunities, such that many of the existing independents and small, privately held chains have entered new arenas and are finding themselves able to compete effectively with the large, national players in most of these arenas. Since price is often not a factor with many of these customers, the playing field is being leveled and the ability to deliver personalized service and "custom" programs can often work in favor of smaller entities.

As this arena has grown, the opportunities for merger and acquisition opportunities have grown as well. Independents that are actively engaged in specialty providing and are contemplating developing an exit strategy have the same needs and requirements in terms of valuations and consulting advice as those involved in traditional community pharmacy practice.

We have developed a Specialty Pharmacy Division whose efforts will be devoted solely to the valuation, purchase and sale of specialty pharmacies, regardless of size. Heading up that division as Managing Director is Arnie Cammeyer, a 35 year veteran of the world of long term care, infusion and specialty pharmacy. Combining Arnie's experience in the specialty arena with our large database of buyers and sellers and our proven expertise in making transactions happen will open up many new opportunities for our current and future clients.

Contact our Specialty Pharmacy Division.

 



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Last modified:
July 29, 2010

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