The American College of Apothecaries (ACA) announced its acquisition of pharmacy buying group The Compounders Group (TCG) at the ACA | ACVP Annual Conference and Expo held in Ponte Vedra Beach, Florida, February 28 – March 3. In a move designed to aid independent pharmacists stay competitive in today’s marketplace, the new arrangement increases the resources and reach of TCG.
David Rochefort, one of TCG’s five founding members, felt the time was right to transition the buying group’s ownership. “The founders of TCG have watched it grow over the past six years, from serving primarily compounders with an increasing number of members that own hybrid, specialty and traditional pharmacies. With ACA at the helm, TCG’s goal of helping its members buy smarter and stronger will remain the same.”
ACA Executive Vice President Donnie Calhoun and longtime TCG member is optimistic about the benefits to both ACA and ACVP members. “Costs of running an independent pharmacy continue to escalate, especially with challenges like USP 800. It’s more important than ever that independent pharmacies work together. We will see more collaboration as TCG grows to an even larger, stronger group leveraging its buying power and helping independent pharmacies face the challenging pharmacy landscape.”
Since the acquisition last fall, TCG has experienced an almost 20% increase in membership and has expanded to 52 vendors. While the group will focus on continued growth to help increase its buying power, TCG Executive Director Susanne Williams remains committed to providing its membership with individualized assistance and support. While membership in ACA is not required to join TCG, the organizations plan to offer special incentives to pharmacies who are members of both.
- Current ACA & ACVP Members are eligible to join TCG for a $25 introductory fee through September 30, 2018 and enjoy seven months of savings and exclusive access to the TCG Members-Only Seminar, July 27-28 in Indianapolis, Indiana. Learn more at www.thecompoundersgroup.com/join.
- TCG Members save 30% on individual ACA and ACVP memberships using discount code TCG30. Learn more at www.acainfo.org/joinaca and www.vetmeds.org/joinacvp.