Who is Medicine Shoppe International, Inc. (MSI), and what do they do?
Who is Cardinal Health, Inc., and what do they do?
How did The Medicine Shoppe® Pharmacies get started?
Why does MSI believe there is a bright future in retail pharmacy?
Can anyone become a Medicine Shoppe® Franchisee?
What operational assistance does MSI provide franchisees?
May I build a brand new pharmacy?
I don't necessarily want to open a brand new pharmacy. What are my alternatives?
May I open multiple pharmacies?
How much does it cost to become a Medicine Shoppe Franchisee?
I am interested. What are my next steps?
I can't find the answer to my question?
Who is Medicine Shoppe International, Inc., (MSI) and what do they do?
MSI, a Cardinal Health Company, is distinguished for its commitment to providing expert, personalized health care. MSI is the largest franchisor of independent community pharmacies in the U.S. with over 900 Medicine Shoppe® Pharmacies and Medicap® Pharmacy Stores domestically and over 400 pharmacies in seven other countries.
Who is Cardinal Health, Inc., and what do they do?
Cardinal Health, Inc. is the leading provider of products and services supporting the health-care industry. Cardinal Health, Inc. develops, manufactures, packages and markets products for patient care; develops drug-delivery technologies; distributes pharmaceuticals, medical-surgical and laboratory supplies; and offers consulting and other services that improve quality and efficiency in health care.
Headquartered in Dublin, Ohio, Cardinal Health, Inc. produces annual revenues of more than $75 billion. Cardinal Health, Inc. is ranked #19 on the 2006 Fortune 500 list and was recognized by Forbes in 2006 as one of American's most admired companies in the wholesalers/health-care industry category.
How did The Medicine Shoppe® Pharmacies get started?
Thirty-five years ago, St. Louis pharmacist Michael Busch already sensed the trend in business consolidation that would change the corporate landscape; and was particularly concerned about what he believed was an accelerating decline in the pharmacist-customer relationship. Immensely appreciated by his own customers, "Mike" resolved to continue growing his pharmacy without sacrificing its "neighborhood-pharmacy" style. Based on this business model, in 1970 he launched MSI to extend franchise-ownership opportunities to similarly customer-friendly, entrepreneurial pharmacists and independent investors.
Why does MSI believe there is a bright future in retail pharmacy?
Spending on prescription drugs has increased more than any other health-care service, up to $188 billion dollars in 2004, and it's expected to soar to $446 billion by 2015. Americans are living longer, almost 80 years, and every day 6,000 people turn 65. The aging of America is generating an increasing need for prescription drugs. Additionally, pharmaceutical manufacturers are introducing more and more new and improved prescription drugs each year.
The Medicine Shoppe® Neighborhood Pharmacy model is focused on being a world leader in retail pharmacy. Our pharmacies offer consumers the very best in health-care products and services through unparalleled personalized customer service.
Why should I join MSI?
MSI is the world's largest professional pharmacy franchisor. Our franchisees can feel confident that they are backed by an industry leader who is investing in retail pharmacy with cutting edge operational support programs and brand-building marketing tools. With a 35-year track record, MSI offers its franchisees an impressive business support system and training structure that allows pharmacists to concentrate on what they do best – care for customers. Backed by Cardinal Health, Inc., one of North America's leading health-care companies, MSI can offer our franchisees buying power, cost savings and an inventory control program. We continue to strive to become the "Gold Standard of Pharmacy," by leveraging the size, scale and data of a chain, while continuing to deliver the differentiated "care and individuality of service" of an independent.
Can anyone become a Medicine Shoppe® Franchisee?
MSI seeks to find pharmacists and investors alike. Prospective franchisees will be pre-qualified and interviewed by our Franchise Development department. We expect all prospects to demonstrate their commitment to the practice of professional pharmacy and to The Medicine Shoppe® Philosophy. Once accepted, all franchisees must attend The Medicine Shoppe® Training School to learn The Medicine Shoppe® Operating System.
What operational assistance does MSI provide a Franchisee?
You'll be backed by some of the industry's leading marketing specialists and Franchise Business Consultants, so you can focus on what you know and do best. We will help you: find your store location, analyze the market, assist with financing, coordinate layout and construction, plan your Medicine Shoppe® Pharmacy's grand opening, provide full-ranging support in every pharmacy-business discipline including comprehensive financial analysis and management, managed care, technology, training, advertising and marketing, human resources, inventory procurement, and professional services. We'll provide you with all the tools and assistance you need to build a long-lasting Medicine Shoppe Pharmacy in your community.
Find out more about MSI benefits and opportunities.
May I build a brand new pharmacy?
Yes, with our help in site selection we can assist you in finding an appropriate location for a Medicine Shoppe Pharmacy. We will search for a developer to acquire the land and construct your building. Then, we will assist you in negotiating a lease and our design team will work with you to create an efficient workflow environment in a beautifully designed layout.
I don't necessarily want to open a brand new pharmacy. What are my alternatives?
We offer a program that helps match Medicine Shoppe® Franchisees with existing Medicine Shoppe® Pharmacies and independent pharmacies for sale. We will help facilitate your purchase enabling you to have your own Medicine Shoppe® Pharmacy.
Find out more about becoming an investor.
May I open multiple pharmacies?
Yes, multi-store ownership is available and we encourage proven franchise owners to open multiple locations through our multi-store discount program
How much does it cost to become a Medicine Shoppe Franchisee?
For specific details, please contact MSI at 1-800-325-1397 or email us at franchisedevelopment@medshoppe.com.
I am interested. What is my next step?
I can't find an answer to my question?
Submit your questions to the Franchisee Development department. One of our Franchise Development Directors will work to quickly get you the answers you are looking for.
Please fill out our online form, or contact the Franchise Development department at 1-800-325-1397, or email us at: franchisedevelopment@medshoppe.com.