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Buying a pharmacy is a major decision, much like purchasing a house. It's not just about finding the right opportunity; knowing how much to pay and making sure it fits your long-term goals are crucial to success.Defining what you are looking forOnce you’ve decided to invest in a pharmacy, the...
Trent Ruprecht
Partner
Newcastle, Sydney
Insights
Over 6,000 community pharmacies are set to be significantly affected financially, as the proposed changes announced in the 2023-2024 Federal Budget will see an increase in the maximum dispensing quantity for more than 320 PBS-listed medicines from 30 days to 60 days. This change in policy, according to the Pharmacy...
Trent Ruprecht
Partner
Newcastle, Sydney
Insights
Let’s face it - competition is nothing new to pharmacy or in fact business in general, the more successful businesses are those that can adapt to the change while those that don’t adapt will be left behind. The competitive landscape for Australian retail pharmacies has largely intensified over the past...
Trent Ruprecht
Partner
Newcastle, Sydney
Insights
Since the start of the COVID-19 pandemic staff availability, staff burn-out and staff recruitment have been key concerns for pharmacy owners, particularly those located in NSW and VIC, who have experienced the highest number of COVID-19 cases in the two years since the pandemic began. Fast forward to today and...
Trent Ruprecht
Partner
Newcastle, Sydney
Insights
The first quarter of 2022 was a challenging one to say the least in particular for Pharmacy’s based in greater Sydney and the Hunter region who have spent much of the first quarter under lockdown orders. While the impacts associated with the lockdown have varied depending on the location of...
Trent Ruprecht
Partner
Newcastle, Sydney
Insights
The Community Pharmacy Agreement (CPA) is an agreement between the Pharmacy Guild of Australia and the Commonwealth Government which outlines the level of remuneration that a pharmacy will receive for dispensing medicines covered by the Pharmaceutical Benefits Scheme (PBS). While details of 7CPA remain under lock and key, a major...
Trent Ruprecht
Partner
Newcastle, Sydney