Secure Your Future
With a Trusted Partner
With a Trusted Partner
We offer selling shareholders a total buyout for retirement or partnerships with collaboration, rewards, and reduced risk.
Why Partner With Us?
Mint Health + Drugs is a pharmacist-owned company committed to 'Helping people feel better.' As we expand in Western Canada, we seek business partners who can join our journey.
Operational Excellence: Shift HR, finance and marketing duties to a team of subject matter experts and collaborate with over 40 pharmacists to provide the best health solutions to your patients.
Financial Security: Ensure financial stability by selling your pharmacy to Mint and rolling only a portion of the equity into shares of Mint and participate in the full growth model of Mint and watch your share price grow as we expand across Western Canada.
Entrepreneurial Spirit: Work with like minded entrepreneurs to find new ways to grow your business, bring enhanced market presence, brand recognition, access to new distribution channels and business partners.
Operational Advantages
Discover how Mint Health + Drugs can simplify your operations and improve your work-life balance.
Collaboration
Work with a variety of knowledgeable colleagues to provide innovative solutions to patients.
Work-Life Balance
Enjoy better scheduling and more time off with our resources.
Cost Savings
Leverage economies of scale for procurement and operational efficiencies.
Our Partnership Model
Join a community where all partners participate in the financial success of the business with the same class of shares. Want to learn more about our partnership model? Contact Us Today!
Our Core Values
At Mint Health + Drugs, our core values drive everything we do. They guide our mission and shape our partnerships
Motivate
We believe in an intrinsic motivation to improve. To strive to be the best version of ourselves, not because we have to, but because we desire to.
Innovate
Innovating best practices. There’s always a right way to do something. Learn it first, then make it better.
Nurture
Nurturing our communities. Take care of those around you, whether they are your friends, family, neighbours, co-workers or even a stranger.
Teach
Improving ourselves and those around us through lifelong teaching, sharing and learning.
What Our Partners Say
Learn how our partners have experienced growth and success through collaboration and support.
FAQs
How do I start the partnering process?
Contact us through the form below or email Acquisitions@mintdrugs.com to
start the discussion. There is no obligation or pressure once we have been
contacted. Before any confidential information is provided we will sign a
confidentiality agreement to protect you and your business.
What can I expect to happen in the process?
Upon signing a confidentiality agreement we will work with you to establish
a value of your shares through review of your historical financial
statements and discussions with you about the business. If mutually
agreeable we will prepare a letter of intent that will lay out the
foundation of a deal between the parties. Upon signing the LOI, we will
commence our due diligence to verify information reviewed. Once both sides
are comfortable with moving forward, we will prepare a purchase and sale
agreement and also provide you with the required financial information to
roll a portion of the equity in your pharmacy into Mint shares. You will be
provided with the most recent Mint externally prepared valuation, related
shareholders agreements and other documents to provide you the comfort
necessary to make your investment into Mint. Throughout the process we
encourage you to utilize your external financial and legal advisors to help
you navigate the process. We will all work collaboratively to conclude the
transaction on a timely basis.
How much time does it take to complete a transaction?
Every transaction is different. We have streamlined our process and it can
take anywhere from three to six months. It will depend on how quickly you
can provide the information to us and provide timely responses to our
questions and agree to the terms of the letter of intent. Other things that
can affect timing is how responsive the college and third parties are to the
proposed changes as a result of the transaction.
How does the partnership model work?
Based on various discussions and financial analysis we come to terms on sale
and purchase of 100% of your pharmacy. A portion of typically between 20 –
49% of the value is converted to shares of Mint Health + Drugs while the
rest is distributed in cash to you over a short period of time. The share
price of Mint is determined annually by a third party independent valuator,
and updated internally throughout the year to reflect transactions that
occur throughout the year. At the end of the transaction, you will have
anywhere between 51% – 79% of the value of your pharmacy in cash with the
remainder converted to Mint shares. You will be bound by the existing
shareholders agreement that all shareholders are a party too. All
shareholders will hold the same shares and are all treated the same.
How can I sell my shares when I want to liquidate?
By establishing a share price, existing shareholders can sell to and from
each other. Also, the shareholder agreement has a section that describes how
the company can buy back the shares. It is designed to protect your
shareholder value and ensure we are able to maintain liquidity.
What are the financial benefits of partnering with Mint?
By partnering with Mint you will get to take some risk off the table by
cashing out allowing you to obtain financial security for you and your
family. In addition, we are projecting the Mint share price to grow at rates
that are beyond the rate of growth of any one store. We have a dedicated
team that look for and implement efficiencies into the store operations,
look for revenue growth and cost savings. Our acquisition team is procuring
new pharmacies for acquisitions in the four western provinces. We are
looking to grow 20% a year which will have a significant growth impact to
your investment and to the share price.
How do I ensure confidentiality?
Before we look at any confidential information we will execute a Non
Disclosure Agreement. During the process we will only discuss things with
you or with any specific people you have authorized us to talk to.
Internally, within Mint, only those who are part of the acquisition team and
senior leadership are aware of the opportunities we are pursuing.
Do I have to let my staff know that I am selling?
The short answer is no, not until both sides are confident that a deal is
imminent. Typically, around four to six weeks prior to closing, we will want
to meet staff, get them to sign new employment agreements and prepare them
for the transition.
Get In Touch
We’re here to answer any questions you have!
Fill out the form below and we will get back to you as soon as we can.
