Medici Capital Knowledge Base

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Buy Sell Agreements

How do I construct a buy-sell agreement? What should I look for? What should I be wary of?

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Pharmacy Location Rules - How the changes affect you

FRANK SIRIANNI, Management Consultant, MEDICI CAPITAL (www.medici.com.au)

Substantial amendments to the "Pharmacy Location Rules" were announced on Tuesday 27 September 2011. These changes took effect from 18 October 2011. The first applications that can be submitted to Medicare will be heard at the Australian Community Pharmacy Authority (ACPA) meeting on 25 November 2011.

The National Health (Australian Community Pharmacy Authority Rules) Determination 2006, which outlines the current "Pharmacy Location Rules", will be replaced by The National Health (Australian Community Pharmacy Authority Rules) Determination 2011. The Department of Health & Ageing has also issued an updated Applications Handbook which is available on the Department's website.

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Pharmacy Valuations

Different circumstances require different business valuations. In pharmacy, re-financing, new partner acquisition and purchases require different methods of valuation to account for changes in style of the operation of the business. Medici Capital is the industry leader in pharmacy valuations and takes these factors into account when valuing a pharmacy.

There are three methodologies for pharmacy valuation:

Method: Explanation: Uses: Discounted Cash Flow (DCF) The pharmacy value is the present value of the future cash flows from that business. Pharmacies with a finite life or varying annual cash flow. Capitalisation of Future Maintainable Profits Maintainable profits are estimated and capitalised using long-term market or industry discount rates. Pharmacy with a presumed "infinite life". Assets plus Goodwill The going concern value of assets plus goodwill for expected future income. Relatively new pharmacies or where future cash flows are uncertain.

The choice of methods depends on the ability to forecast revenue and expenses and the purpose of the valuation.

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Greenfield Pharmacies

Should I set-up a new pharmacy? Is it cheaper?

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About The Asking Price

What do I do if the asking price for a business for sale is too high?

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About Ask An Expert

Ask An Expert is an online knowledge base for customers of Medici Capital. The system provides functionality for both financial institutions and health practitioners, providing news, articles, tools and resources.

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Medici Events

Pharmacy Ownership Ready Conference

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Pharmacy Snow Business

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