Transfer of Ownership of a Pharmacy

(1) At least 14 days prior to the transfer of ownership of a licensed pharmacy, the licensee shall notify the Board of the proposed transfer of ownership. The outgoing licensee shall comply with 247 CMR 6.12 and 247 CMR 6.13 pertaining to closing a pharmacy and distributing controlled substances. (2) At least 14 days prior to the transfer of ownership, the proposed new licensee shall submit an application for a license to operate a pharmacy in accordance with 247 CMR 6.04. (3) In support of the application for a license to operate a pharmacy, the proposed new licensee shall submit the following: (a) complete application pursuant to 247 CMR 6.04 and 247 CMR 6.05 through 6.09, as applicable; (b) description of the date and procedure to transfer controlled substances; (c) inventory report of controlled substances, as required by 247 CMR 6.14; (d) official bill of sale; and (e) any additional information, as required by the Board. (4) In its discretion, the Board may determine the proposed new licensee and any proposed new interest holder is not suitable to establish or maintain a pharmacy and that it would not be in the best interest of public health, safety, and welfare to approve the application. In making its determination, the Board may consider the factors identified in 247 CMR 6.03.