In this episode of Pharmacy View Podcast, host Scott Carpenter, EVBC is joined by Kev Ryan, Lead Advisor at pharmacy.forsale, a platform that facilitates the listing and selling of pharmacies globally, without any involvement of brokers and payments of commissions. The platform acts for buyers who can connect with sellers in a private and off-market fashion via its member-only marketplace.
Kev is a tax accountant by trade and over his career, he has worked all across Australia. Talking about the platform, he talks of how he thought of it as being an interesting space after having interacted with his accounting friends with predominantly Pharmacy clients and after having watched Pharmacy transactions from afar. He adds that he is new to the industry and seeing it with fresh eyes made him realise the need for a marketplace that would cater to both sellers and buyers without having to depend on a broker. For that reason, his goal was to build an industry specific technology platform to help people transact. He calls it a tool to engage the buy side clients because the sell side is already well represented in the market.
Kev emphasises that the key target audience are the young Pharmacists who otherwise don’t have access to the deal flow. The baton needs to be passed from the older and wiser Pharmacists to the younger ones, he believes, as that would help community Pharmacies survive in the future while the threat of bigger groups monopolizing the industry loom large. That doesn’t take away from the fact that the platform is meant for anyone who is genuinely interested in making a deal.
