SLIDE 1
Executive Sum m ary
Heights Care Pharmacy (HCP) has remained the gold standard for traditional pharmaceutical care in the Little Rock Heights Community for the past eighty-four years. The current proprietor of the store wishes to transfer ownership after thirty-five years of loyal service to the com munity. A six-year junior partnership will be established between the current proprietor and three buyers: Tyler Shinabery, Brandyn England, and Blake
- Johnson. During this time, Tyler Shinabery, the current pharmacy intern, will serve as the
full-time junior partner. Brandyn England and Blake Johnson will function as silent equity partners while retaining outside employm ent. Goodwill will transfer seamlessly from the current proprietor to Tyler Shinabery by completing a two-year period of employm ent
- verlap at the beginning of the junior partnership.
Heights Care Pharmacy operates as a traditional goods-based pharmacy. HCP is focused on being a one-stop-shop for the Heights Community, selling everything from medication to hair dryers. The store lacks a unified marketing plan, limiting its potential impact on the healthcare of this small-business-oriented neighborhood. This overall lack of development stigmatizes Heights Care Pharmacy with an outdated brand of pharmaceutical care. HCP is centrally located in the Heights neighborhood, one of the m ost prominent communities in central Arkansas. It is populated with highly educated, forward-thinking, affluent individuals who place the utmost importance on the community. The patient population continuously strives to provide the best living atmosphere for their families by maintaining a tight-knit, small-business infrastructure in the midst of a hectic city. This tight-knit community supports HCP with 38% cash prescription sales, an unprecedented amount compared to pharmacies in less affluent areas. These sales allow HCP to comfortably operate with a net profit comparable to pharm acies in the top 25% nationwide. However, parallel to bottom-tier pharmacies, an overflowing inventory and an unfriendly frontend layout significantly restrict the gross profit and overall financial capability of the store. New ownership will implement a wellness-centered business m odel that places priority on the healthcare values of each patient. Innovative patient care services will be designed to allow patients to becom e more influential in their healthcare delivery process. Service-based pharmacy program s are virtually non-existent within the defined trade area
- f the store. HCP will increase the amount of commodities sold with services and cem ent a