Pharmacy bank alert

May 9, 2016

ACCOUNTANCY firm Ferrier Hodgson has warned that the potential deregulation of pharmacy ownership is likely to see a rethink of bank lending policies to the pharmacy sector. Ferrier Hodgson pharmacy specialist Luci Palaghia says bank exposure to pharmacy amounts to some $3 billion, with current policies seeing lending of up to 75% of business valuations, according to a report in The Australian. Palaghia said banks had always seen pharmacists as “heavily protected because of the existing location and ownership rules”. She warned the lending practices are likely to be revisited if the current pharmacy remuneration and regulation review recommends changes, with the draft discussion paper on the review yet to be released.

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Pharmacy Daily | Pharmacy bank alert

Pharmacy bank alert

Other recent headlines

MDR’s results surpass expectations

Call to restructure CSO

Camden takes top spot

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES