This JointVenture Co-operative model allows multiple pharmacy businesses, in a specific location, to establish a collectively owned hub operation.
This model enables smaller pharmacies to achieve economies of scale through co-operation while maintaining their individual market identities.
It is one of the more complicated hub and spoke business models, but if done with the right support it can offer a real opportunity for independent pharmacies in a shared locality.
While offering significant strategic advantages, this model requires careful legal structuring and clear agreements on governance, profit distribution, and operational responsibilities. Centred Solutions can help you with this.
Other Hub and Spoke Business Models
Pharmacy groups which have previously operated multiple legal entities or groups with pharmacy directors in common, can now operate a hub and dispense to all the pharmacies within the group regardless of legal entity.
Pharmacies with existing hubs/looking to establish a hub facility can now offer dispensing services to other pharmacies outside of their own legal entity for a fee.
