"IF YOU BUY AT THE RIGHT PRICE YOU CAN SELL AGAINST ANYONE!"
The beauty - and the burden - of owning your own business is that at the end of the day, it's all yours. You're the only one who's ultimately responsible for its success and you should be the one reaping the benefits, too.
As an independent pharmacy owner you wear many hats - pharmacist patient counselor, bean counter, negotiator, trainer and HR supervisor just to name a few. There's no doubt you work hard - but in a consolidating marketplace with fierce competition, thinning margins and a strangling myriad of regulations it's critical that you work smarter and more profitably.
The pioneer cooperative, Great Lakes Pharmacies (GLP), was founded in 1993. GLP has received chain pricing and earning significant rebates since the Spring of 1994. In 1998, a sister group in Georgia, Independent Pharmacies of America (IPA) was formed. With IPA we were not reinventing the Wheel but expanding on a proven business model. In 1999, a third group was formed in New Jersey, Phoenix Pharmacy Group (PPG). In 2003 the fourth group, Lonestar RX (LSRx) came online in Texas. Also in 2003, a fifth group was formed- Carolina Pharmacies Unlimited (CPU). In 2006 our sixth group, Pharmacy Partners of America (PPA) jumped on board. All the groups pattern and mimic each other in terms of compliance and behaviors. When an opportunity is at hand we are able to successfully leverage the buying power of all six groups. Together under Compliant Pharmacy Alliance we are over 700 stores strong. This gives us unprecedented leverage with hungry vendors.
In 1994 the six cooperatives directed by Ed Heckman formed an "umbrella" business entity- Compliant Pharmacy Alliance (CPA). Each cooperative is an equal owner in CPA. When beneficial the CPA moniker is used to leverage and negotiate master contracts that include all six cooperatives. Each of the cooperatives Managers participate on the CPA Board of Directors.