Pharmacy Transition Partners are NOT “pharmacy brokers”.
We are business advisors and consultants for pharmacy transitions. We are unique because we have owned, started, sold, and currently own pharmacies.
Each business transition is as different and unique as you are. We understand the pressures of owning and selling your business. We have experienced the same feelings and stress that you feel.
We listen to our clients. We find out what is important to you. We create a plan to help you accomplish your hopes and dreams.
The difference that Pharmacy Transition Partners brings is experience because no other group has accomplished what we have in the independent pharmacy industry. Buying or selling a pharmacy may be the most important business decision you ever make. We are here to give you the knowledge and advice for a successful transaction. Our group has been involved in over 200 pharmacy transactions. We understand retail, long-term care, compounding, mail order, 340B, and specialty pharmacy. Let us help you!
Tim graduated from the University of Cincinnati with a BS in Pharmacy in 1991. Tim has worked in his family pharmacy since he was 15 years old. He has been a stock boy, delivery driver, pharmacy technician, floating pharmacist, pharmacy manager, and pharmacy owner. He has experience working as an independent, and spent most of his college career working for Walgreens.
Shortly after graduation he came back to work at the family business making him a 3rd generation pharmacist and later a pharmacy owner. In 1997, he took over the family business, Clark’s Pharmacy, which at the time was a 3 store chain, as CEO and President. Upon taking over he grew the business, through acquisition and start-ups, to 10 retail sites. Then he strategically sold 7 of the stores and rebuilt the business to 15 retail locations plus long-term care and compounding pharmacies, through acquisition and opening stores from scratch. Through his career Tim has owned, purchased, and started over 30 stores. He understands the pressures of owning, buying, and selling. He has also helped start Independent Rx Consulting, and has helped over 100 individuals become owners like himself. Today, he owns 3 pharmacies.
Tim is a former Regional Board Member for Sky Bank and a former National Advisory Board Member for McKesson. He also contributed his time to his community through being a Foundation Board member at Dayton Children’s Hospital and is an adjunct faculty member at the University of Cincinnati, College of Pharmacy.
Tim is a partner and is responsible for the pharmacy transition for buyers and sellers.
He is the father of 8 children that live across the country. He enjoys traveling, playing golf, hiking, and a good meal with family and friends.
Mark is a graduate of Ohio Northern College of Pharmacy and is celebrating his 42nd year as a pharmacist. In his thirty nine years with Clark’s Pharmacy in Dayton, Ohio he has experienced many roles including staff pharmacist, manager, supervisor, and chief operating officer not to mention the occasional need to fill in as a technician or delivery driver. For the last twenty years he has been a partner in the business and has overseen operations while growing from three to sixteen stores and managing over two hundred employees. As COO he was involved in over forty transactions of starting, buying, or selling a store and during his tenure as chief consultant, Independent Rx Consulting has conducted over one hundred more.
A third-generation pharmacist, Ed Webman brings broad experience and expertise to his position as a loan officer at Live Oak Bank. He is responsible for examining, evaluating and closing extensions of credit to pharmacies. Ed had his first taste of pharmacy life working in his family’s business as a teenager and started his professional career as a pharmacist for a chain and later for an independent. He then joined QS/1 Data Systems where he was responsible for pharmacy computer system sales and installations. After nearly a decade, Ed left QS/1 to start his own pharmacy business, which he eventually sold to Fedco, a regional chain. He joined the company as senior vice president and director of pharmacy and led the acquisition and divesture program. After Fedco was sold in 2001, Ed started Central Florida Pharmacy/Advanced Medical, a specialty pharmacy and DME supplier. He grew the businesses from the ground up and sold them in 2007.