Host Max Beairsto interviews Peter Saad of Loopstra Nixon LLP about avoiding costly mistakes before closing a pharmacy acquisition. Saad emphasizes that early decisions—NDA disclosures, LOI terms, financing strategy, lease review, diligence, and transaction structure—often determine success more than the final purchase agreement. He warns against “re-trading,” encourages locking key variables in the LOI (e.g., normalized earnings), and highlights common blind spots such as leases, including option terms that affect loan amortization, exclusivity language, demolition clauses, condo declarations, triple-net expenses, and assignment provisions that let landlords terminate or demand fees. They compare share vs asset purchases, noting tax benefits for sellers, liability and depreciation issues for buyers, and misunderstood employee treatment under provincial ESA rules. Saad advises sellers to document value-driving relationships, clean up books, and strengthen lease terms, and urges buyers to use experienced industry advisors.

00:00 NDA And Deal Tension

00:29 Podcast Intro And Guest

01:50 Buyer Blind Spots Overview

03:03 Leasing Surprise Risks

04:04 LOI Strategy And Retrading

08:10 LOI Conditions And Expectations

12:20 Asset Vs Share Deals

17:16 Employee Agreement Pitfalls

18:52 Lease Diligence And Red Flags

25:50 Preparing To Sell In Advance

27:46 Due Diligence And Financial Cleanup

32:02 Final Advice And Wrap Up

Connect with Pharmacy Edge:

Website: PharmacyEdge.com

LinkedIn: @PharmacyEdge

Facebook: @PharmacyEdge

Connect with our Host:

LinkedIn: @MaxBeairsto

Connect with Peter Saad:

Website: Loopstra Nixon

LinkedIn: @PeterSaad

Join us on the Pharmacy Edge Podcast as host Matt Hodgson engages with Aly Háji, a seasoned health regulatory lawyer and founder of RX Law. Dive deep into the world of pharmacy law as Aly discusses complex disciplinary matters, ethical challenges, and the evolving landscape of healthcare regulation. With a rich background in pharmacy and law, Aly shares his journey and insights on prosecuting cases for the College of Pharmacists, the importance of strategic defense, and the innovative approaches he's implemented at RX Law. This episode is a must-listen for pharmacy professionals and anyone interested in the intersection of law and healthcare.

Connect with Pharmacy Edge:

Website: www.pharmacyedge.com

LinkedIn: Pharmacy Edge

Facebook: Pharmacy Edge | Twin Falls ID | Facebook

Connect with our Host:

LinkedIn: Matt Hodgson | LinkedIn

Connect with Aly Háji:

LinkedIn: Aly Háji

RX LAW: Contact — RxLaw

In this episode of the Pharmacy Edge Podcast, host Matt Hodgson welcomes Max Beairsto, an industry veteran and host of the EVCOR advisor podcast. Max discusses his forthcoming book, 'Exit: From Ownership to Retirement, the Ultimate Guide to Exiting Your Canadian Retail Pharmacy.' They dive into the importance of having a well-prepared exit strategy, common mistakes pharmacy owners make, and the need for early planning. Max also highlights the emotional and financial challenges involved in the transition from ownership to retirement and shares insights from his extensive experience in the field. The episode serves as a comprehensive guide for pharmacy owners looking to successfully navigate their exit from the business.

00:00 Introduction and Guest Welcome

00:42 Max Beairsto's Background and Book Inspiration

01:53 Understanding Exit Strategies

03:03 Common Mistakes in Exit Planning

05:14 Importance of Proper Exit Preparation

05:58 Key Takeaways from the Book

07:22 Personal Experiences and Lessons Learned

09:01 What Sets This Book Apart

10:08 Where to Find the Book and Closing Remarks

Connect with Pharmacy Edge:

Website: www.pharmacyedge.com

LinkedIn: Pharmacy Edge

Facebook: Pharmacy Edge | Twin Falls ID | Facebook

Connect with our Host:

LinkedIn: Matt Hodgson | LinkedIn

Connect with Max Beairsto and Evcor:

LinkedIn: ⁠@evcor

Website: evcor.com

Email: max@evcor.com