Student Business Plan Competition Renamed
ALEXANDRIA, Va. (March 9, 2010) – In recognition of the $750,000 multi-year pledge to the NCPA Foundation from the AmerisourceBergen Good Neighbor Pharmacy network (GNP), NCPA has renamed its annual student business plan competition. The new name is the Good Neighbor Pharmacy NCPA Pruitt-Schutte Student Business Plan Competition.
As announced last October, GNP's pledge ensured the NCPA Foundation met its goal of raising $1 million for an endowment fund to support the ongoing operating expenses of the Competition in perpetuity and to sustain its long-term viability.
NCPA and the NCPA Foundation established the NCPA Pruitt-Schutte Annual Student Business Plan Competition in 2004, in an effort to promote interest in independent community pharmacy ownership. The goal of the Competition is to motivate pharmacy students to create the blueprint necessary for buying an existing independent community pharmacy or developing a new pharmacy. Named in honor of the late Neil Pruitt, Sr., and the late H. Joseph Schutte, two pillars of the independent pharmacy community, the Student Business Plan Competition is the first national contest of its kind in the pharmacy profession.
"This Competition helps pharmacy students understand the importance of having a solid business plan," said NCPA Executive Vice President and CEO Bruce Roberts, RPh. "By giving them the chance to develop and test their planning models and receive valuable feedback from pharmacy owners and industry experts, we are able to better prepare tomorrow's pharmacy entrepreneurs for the future.”
"Thanks to the Good Neighbor Pharmacy network’s strong commitment of support, together we will secure a promising future for the Competition and continue to cultivate future generations of independent pharmacy owners," said Sharlea Leatherwood, P.D., NCPA Foundation President.
Now entering its seventh year, the top three team finalists of the 2010 Competition will make their live business plan presentations at the NCPA 112th Annual Convention this October in Philadelphia, Pa.
The Competition is also supported by the Pharmacists Mutual Insurance Company.
The National Community Pharmacists Association (NCPA) Foundation is a nonprofit 501(c)(3) organization established in 1953 to honor former NARD Executive Secretary John W. Dargavel. Contributions to the NCPA Foundation are tax-deductible as charitable donations to the extent permitted under federal tax law. The NCPA Foundation supports the growth and advancement of independent community pharmacy through low-interest educational loans and scholarships to pharmacy students, critical research and programs to improve the success of independent pharmacy, community service programs, and financial assistance to community pharmacy owners for their recovery in the event of disaster, accidents, illness, or adverse circumstances. For more information or to make a donation, visit www.ncpafoundation.org.
The National Community Pharmacists Association (NCPA) represents the nation's community pharmacists, including the owners of more than 23,000 pharmacies. The nation's independent pharmacies, independent pharmacy franchises, and independent chains represent an $84 billion marketplace, employ over 300,000 employees and dispense nearly half of the nation's retail prescription medicines. To learn more go to www.ncpanet.org.
Good Neighbor Pharmacy, an AmerisourceBergen program, is a network of more than 3,500 independently owned and operated community pharmacies.
AmerisourceBergen is one of the world's largest pharmaceutical services companies serving the United States, Canada and selected global markets. Servicing both pharmaceutical manufacturers and healthcare providers in the pharmaceutical supply channel, the Company provides drug distribution and related services designed to reduce costs and improve patient outcomes. AmerisourceBergen's service solutions range from pharmacy automation and pharmaceutical packaging to reimbursement and pharmaceutical consulting services. With more than $70 billion in annual revenue, AmerisourceBergen is headquartered in Valley Forge, PA, and employs approximately 10,000 people. AmerisourceBergen is ranked #26 on the Fortune 500 list. For more information, go to www.amerisourcebergen.com.
Director, External Communications and Marketing Outreach
National Community Pharmacists Association
100 Daingerfield Road
Alexandria, VA 22314