Manager, Pharmacy Acquisitions

Albertsons LLC - Boise, Idaho

Position Title:  Manager, Pharmacy Acquisitions

Functional Area: Business Development

Department: Pharmacy

Division: Corporate Pharmacy, Boise, Idaho       

 

POSITION PURPOSE:

The Manager, Pharmacy Acquisitions reports directly to the Director of Business Development. This position identifies acquisition opportunities as well as oversees and directs the financial analysis, bid strategy, legal documentation and execution of acquisitions. This role will also be responsible for leading and coordinating pharmacy closures, new store openings, store re-brandings, and other corporate acquisitions and projects. This role has a significant financial impact within the company. This position must be a true subject matter expert with a very strong knowledge not only of Albertsons Companies pharmacies and pharmacy operations, but also a deep understanding of competitive pharmacies and how they fit with our business.

 

KEY ACCOUNTABILITIES:

·          Develop and maintain an acquisition portfolio of current and future pharmacy file acquisition opportunities through periodic mailers, direct visits in the field, and referrals from Divisions, Pharmacy Association meetings, and collaboration with chain pharmacy acquisition peers. Success in this regard can significantly impact the number of acquisitions we are able to complete and requires entrepreneurial instinct and strong deal making skills

·          Perform, direct and review all due diligence and IRR analysis for all potential acquisitions. This includes projecting the number of scripts we will retain as well as establishing the appropriate labor and gross assumptions. Present findings and assumptions to Director, Business Development.

·          Upon approval of acquisition, coordinate all closing and post-closing activity under the direction of the Director, Business Development.  Ensure a seamless transition of the acquired file. This includes ensuring Corporate Pharmacy, Division and store management are prepared to receive the incoming pharmacy files from a retail perspective. Manage direct marketing efforts, integration labor, hiring of acquired pharmacy's staff, IT resources, outreach programs and other aspects related to ensuring a successful acquisition under the direction of thee Director, Business Development.  This positions role is fundamental to maximizing the returns on our spend and will require a person who is a self-starter with strong team building skills and a high level of credibility in the business.

·          Coordinate pharmacy functional groups to lead and implement new store openings, corporate acquisitions, store rebranding, and other corporate or division projects.  This role if vital to ensuring execution in all areas of pharmacy, and a seamless, positive experience for our pharmacy associates and customers.  Strong leadership, problem-solving, and organizational skills are imperative for success.

·          Coordinate closing pharmacy processes under the supervision of Director, Business Development, which include but are not limited to, negotiating of sale price, contracting, coordination of functional areas, and final implementation

·          Assist Director, Business Development with non-acquisition projects including but not limited to central fill, specialty pharmacy, compounding pharmacy, third party clinic partnerships, pilot program development and implementation, and other business growth or optimization projects.

·          This role is critical to maximizing the number of acquisitions the Company completes as well as their success

 

KNOWLEDGE AND EXPERIENCE:

Education Level

·          Bachelor’s Degree, Masters Preferred

·          3 plus years of pharmacy experience with 2 plus years directly related to the acquisition and disposition of pharmacy files

·          Willing to relocate

 

Skills and Background:

·          Knowledge and understanding of pharmacy operations

·          Strong financial and analytical skills.

·          Excellent interpersonal, relationship building and negotiating skills

·          Ability to work well with senior management.

·          Ability to work efficiently in confidential manner

·          Ability to negotiate.

·          Effective communication skills both written and verbal.

·          Good computer skills: word processing and/or spreadsheet.

·          Strong problem solving / prioritizing skills.

·          Ability to multi-task and Strong organizational skills

 

KEY CONTACTS:

·          Division Pharmacy Operators – Daily/Weekly

·          Pharmacy Functional Groups - Pharmacy Services, Pharmacy Operations, Managed Care, Pharmacy Systems, IT/Telecom, Pharmacy Compliance/Licensing, Pharmacy Procurement – Weekly

·          Senior Rx/Company Management – Pharmacy Operations, Pharmacy Services, SVP Pharmacy, Real Estate/Corporate Strategy, Corporate Development – Weekly/Monthly

·          Division Executives - Monthly

·          Independent pharmacy owners

·          Chain (Drug or supermarket) peers

·          Building landlords

·          Consultants

·          Vendor Partners

·          Third Party Partners

 

TRAVEL REQUIREMENTS:

·          25% of the time

 

The above statements are intended to describe the general nature of the work performed by the employees assigned to this job. All employees must comply with Company policy and applicable laws. The responsibilities, duties and skills required of personnel so classified may vary within each department and/or location.

 

With more than 1,700 pharmacies nationwide, Albertsons Companies is one of the largest food and drug retailers in the United States, with both a strong local presence and national scale. We operate stores across 35 states and the District of Columbia under 18 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market and Carrs.  Join us in making a difference in the lives of our patients, customers, and communities. 

 

Albertsons Companies is proud to be an Equal Opportunity Employer

 

 

 

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Posted: 30+ days ago

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