Frier Levitt recently provided counsel on the sale of three pharmacy locations, office and warehouse space, and a Durable Medical Equipment provider, located in New York. The total value of the transaction was over $3MM. This complex transaction involving five purchasers consisted of multiple smaller transactions, ranging from lease assignments to surrender and reissuance of stock in various companies. As with all pharmacy transactions, special attention was required to assure proper procedures were followed for notifying various state licensing boards and Pharmacy Benefit Managers (PBMs) of the change of ownership. Frier Levitt’s unique and intimate knowledge of the life sciences market allowed this complex transaction to painlessly occur for all parties involved.
If you are looking to buy or sell a pharmacy, contact Frier Levitt today to speak to an attorney.