Mail-Order Pharmacy

One result of COVID-19 is that all market segments have seen a dramatic increase in online sales. People have learned to order their prescriptions via Internet instead of walking into their local neighborhood drug store. Mail-order pharmacy is experiencing an increase and the trend is expected to continue.

During the past few year, operating a mail-order pharmacy has become more regulated. PBMs have tightened their controls on shipping prescriptions, so every mail-order pharmacy must jump through more hoops if the pharmacy expects to expand their market share.

VIPPS, which is now known as Digital Pharmacy Accreditation, is a process of officially recognizing that a pharmacy complies with state and federal laws regarding Internet marketing and sales. Accreditation has become necessary for a pharmacy that is shipping or wants to provide mail-order prescriptions.

As the pharmacy industry has experienced cuts in reimbursements and lower net profits, one strategy to increase profits is to provide a mail-order service to reach more customers. However, to do that you need to be licensed in other states and have an accreditation such as VIPPS (Digital Pharmacy Accreditation).

Growth through acquisition is the fastest process to accomplish this. Currently there are some opportunities for sale:

Location #1 Florida                                                                                                                           mail order pharmacy for sale
Asking $1,200,000 includes inventory, furniture, fixtures, equip.
Total Sales (2019): $ 3.5M
Yearly Scripts (2019): 53,714
Licensed in 46 states
VIPPS accredited
A+ BBB rating
No retail
Has all insurance contracts
 

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Location #2 Florida
Asking $250,000 includes inventory, furniture, fixtures, equip.
Total Sales (2019): $500,000
Yearly Scripts: 8,806
Licensed in 39 states
No retail
Has all insurance contracts

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Location #3 New York
Asking $500,000 includes inventory, furniture, fixtures, equip.
Total Sales (2019): $1.5M
Yearly Scripts (2019): 16,584
Licensed in 15 states
Minimal retail
Has all insurance contracts

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Location #4 Texas
Asking $500,000 includes inventory, furniture, fixtures, equip.
Total Sales (2019): $1.3M
Yearly Scripts (2019): 29,158
Has all insurance contracts
Currently only ships in Texas., but this location has received a CVS Mail Order Contract for nationwide shipping.

 

To learn more about any of these mail-order pharmacy opportunities, or to request an acquisition search specific to your buyer parameters please Contact Us.