MediEstates Pharmacy - Delivering Maximum Value and Success
Delivering maximum value & success

Delivering Maximum Value & Success

Once we have delivered a number of interested parties to you, the offer and acceptance process starts to take shape. We will maintain control over this bidding stage and ensure that a position of strength is preserved throughout these negotiations in order to drive value and leverage offers to their optimum level. We will facilitate multiple offers in order to create competitive tension amongst your prospective buyers, allowing you the opportunity to choose your preferred purchaser, in terms of ‘fit’, deal structure and value.

MediEstates have the knowledge and experience to ensure that your sale is handled with the care and attention it deserves.

Marketed to interested parties
Multiple interest will drive a competitive environment and put you, as our client, in a position of strength. It is important to keep the potential buyers engaged in the process.

Buyer viewings
Mutually convenient viewing appointments will allow you to meet the potential purchasers and get to know their situation, enabling you to make a more informed choice at the offer acceptance stage.

Outline / indicative offers
Once you have met the potential acquirer, we will seek to gather and review outline offers in order to understand their view on the value of the pharmacy. This will help determine the best strategy required for each particular bidder.

Competitive negotiation
We will seek to reiterate the value drivers of your business and relate them specifically to the buyer and their acquisition objectives. This will allow us to conduct a competitive bidding process and create competitive tension amongst the interested parties.

Selecting bidders
We will undertake a commercial review of each offer and its deliverability, whilst comparing these to the objectives and time frames that you would like to achieve. We will then fully discuss the offers with you in order to determine your preferred choice.

Heads of terms
We play an active role in structuring the Heads of Terms which precede a legal contract but broadly set out the basis of the transaction. We will liaise with legal representatives on both sides of the deal and add value by ensuring the Heads of Terms are worded in way that maximises and protects your position.

Due diligence and CQC
We will ensure that the buyer has access to up to date and detailed information throughout the due diligence process. This ensures that momentum is maintained and any potential bottle necks are avoided. We will also guide you through the NHS England and GPhC process.

Legal process and completion
Either through one of our Specialist Pharmacy Solicitor partners, or by working with your incumbent legal advisors, we will oversee and manage an effective close to the sale process by facilitating the agreement of the deal.

This agreement is in relation to MediEstates Limited introduction to a prospective sale of a business as a going concern. By registering through this agreement I agree to all terms set out below:

  1. To treat all information supplied by or on behalf of the Vendor in connection with the sale of the Business as confidential. Confidential information relates to: -the actual Vendors identity and all confidential information in respect of the Business; including but not limited to: any ideas, business methods, prices, accounts, finance, marketing, research, development, manpower plans, processes, market opportunities, intentions, design rights, product information, customer lists or details, employee's details, trade secrets, computer systems and software, and other matters connected with the products or services manufactured, marketed, provided or obtained by the Vendor, and information concerning the Vendor's relationships with actual or potential clients or customers and the needs and requirements of such clients' or customers' operations.
  2. Duties of Prospective Purchaser are:
    1. To take such reasonable security measures to protect the Confidential Information as it takes to protect its own confidential information.
    2. All communications are to be through MediEstates unless agreed.
    3. That they shall not, without the prior written consent of the Vendor, permit any of the Confidential Information to be disclosed, other than in confidence to its legal or professional advisers, to be copied or reproduced; to be commercially exploited in any way; to be used for any purpose other than in connection with the prospective purchase of the Business; and to pass outside the control of the Prospective Purchaser.
    4. The Prospective Purchaser must not jeopardise or re-direct the sale under any circumstances.
    5. That they will not contact any 3rd parties related to the business for which information has been provided, i.e. solicitor's, employees, accountants, clients.
    6. That they will not under any circumstances contact the Local Area Team or CCG regarding any business sale, by any means of media unless written permission has been granted by the current Vendor.
    7. To carry out own Due Diligence once any business purchase moves to forward, and accepts that MediEstates Ltd only supplies information provided by the vendor and is not responsible for its accuracy or completeness.
    8. To lodge a deposit held in a client account to secure a business sale and cease its marketing, which is refunded on completion.
    9. To not use any social media at all regarding business details.
  3. If you require finance to purchase your business, or need other financial services, MediEstates on your approval will refer you to an FA to assist you. MediEstates may be paid a fee for this service.
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