Brokerage: Buying and Selling of Pharmacies Legal Representation
The Law Offices of Joseph J. Bogdan, LLC

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630-310-1267

Illinois Pharmacy Brokerage/Transaction Services

Illinois Pharmacy Transaction Attorney

Buying and Selling of Pharmacies Legal Representation Located in Lisle, IL

The transfer of ownership of a pharmacy is far more complex than almost any other type of business purchase or sale. There are several applications that must be filed and approved by various licensing authorities, as well numerous other "moving parts" that must be managed. These moving parts include items such as the coordination with suppliers and vendors, enrolling the pharmacy as a provider with Medicaid, Medicare, and supplemental plans, ensuring compliance with Pharmacy Benefits Managers (PBMs), and countless other tasks. Because of the complexities involved when buying or selling a pharmacy, it is important to have skilled legal representation in your corner to ensure a smooth transaction.

For over 16 years, the Law Offices of Joseph J. Bogdan, LLC has offered pharmacy brokerage services to clients in Illinois and throughout the nation. Joseph Bogdan is an attorney, pharmacist, and board member of the Illinois Pharmacist Association. Attorney Bogdan is frequently called as an expert witness in pharmacy-related cases, and he teaches Pharmacy Law and Ethics Law at three Chicago-area universities.

Attorney Bogdan's extensive legal and medical background gives him a unique perspective few others have when it comes to the buying and selling of pharmacies. Attorney Bogdan understands the intricacies of such transactions, the common pitfalls, and what is necessary to overcome these challenges and get your new business started on the right foot.

Pharmacy Brokerage Services in Illinois

We provide a wide range of legal services for those buying, selling, or starting up a pharmacy, including but not limited to:

  • Entity Formation: Preparing and filing business formation documents.
  • Pharmacy Valuation and Due Diligence: Analysis to determine the market value of the pharmacy, as well as a thorough review of documents and financial records to ensure you are able to make an informed decision before purchasing.
  • Pharmacy Purchase/Start-Up Contract Review: Negotiate, prepare and review offers, letters of intent, purchase agreements, etc.
  • Employment Agreements: Negotiate, prepare, and review agreements and policies/procedures for new and existing employees.
  • Pharmacy Licensing and Auditing Assistance: Preparing and filing applications with the Illinois Board of Pharmacy, Drug Enforcement Agency (DEA), Centers for Medicare/Medicaid Services (CMS), etc. as well as assisting in preparing for audits from governing agencies.
  • Durable Medical Equipment, Prosthetics, Orthotics and Supplies (DMEPOS) Accreditation: Complete consultation and assistance with both full line and partial DMEPOS accreditation.
  • Policies and Procedures: Implementation of customized policies and procedures in accordance with the needs of your facility and to ensure compliance with all governing laws and regulations.
  • Pharmacy Services: If you are selling or want to purchase a pharmacy, our office can assist you in these situations. We help those looking for an existing pharmacy to purchase. We can also sell your pharmacy business to an appropriate purchaser to help you achieve the maximum amount of income possible.

If you are a start-up or are involved in the buying or selling of a pharmacy, you need an attorney with particular experience in this area of the law to ensure there are no issues down the road. For skilled legal representation with all types of pharmacy transactions, contact our office today at 630-310-1267 for a personalized consultation with Attorney Bogdan.

Illinois State Bar Association DuPage County Bar Association Illinois Pharmacists Association American Pharmacists Association 10.0Joseph John Bogdan
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