Originally Posted by
sashadidi
You might need to factor the actual declining rate of of return on the core business of the pharmacy sector being dispensing with its late of increase 2001, lower drug prices causing diminished returns from wholesaler rebates
caused by constantly lowering drug prices, the move to robotics causing a decline in the customer count because of the lack of interaction between patients and the pharmacist. they are buying pharmacies for well over the odds ,my friend got 40% ($500000.00) more than he expected from the market as they are splashing out shareholders money willy nilly and putting in managers who do not care enough to grow the business , the idea of having a manager will never match a owner operator although they have their own version of that but it is not a long term winner because of their business model.
disclosure, I am a pharmacist in business and have had then take over near me, we gained 10% business within a year because of their management style... being uninterested staff who do not really care for the customer