The Pharmacy Ownership Podcast | Episode 14 | When Opportunity Knocks: Buying Your Second Pharmacy
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The Pharmacy Ownership Podcast | Episode 14 | When Opportunity Knocks: Buying Your Second Pharmacy
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Buying a second pharmacy can feel like a natural next step but the biggest challenge isn’t finding the opportunity, it’s being prepared when that opportunity shows up.
In this episode of The Pharmacy Ownership Podcast, Austin Murray sits down with Ollin Sykes, CPA, CMA, CITP to break down what pharmacy owners need to consider before expanding and why readiness, not timing, is often the deciding factor in successful growth.
They cover:
- Why most pharmacy acquisition opportunities are unexpected—and how to be ready
- The critical role of up-to-date financials and accounting fundamentals
- Common mistakes that prevent owners from securing financing
- The shift toward regional pharmacy ownership and multi-location strategy
And more!
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Ollin Sykes, CPA, CITP, CMA LinkedIn
More resources about this topic:
Podcast - Cash Vs. Accrual Accounting For Pharmacies
Podcast - Independent Pharmacy Accounting Fundamentals
Podcast - Avoiding Expensive Mistakes