What is the consequence for a pharmacy failing to notify the Board of Pharmacy of a change in ownership?

Failing to notify the Board of Pharmacy about a change in ownership can lead to serious consequences, including the potential revocation of the pharmacy's license. State pharmacy boards, including North Carolina's, require that any changes in ownership be reported promptly to maintain accurate records and ensure compliance with regulations that govern pharmacy practice. This requirement is crucial for promoting accountability and oversight within the pharmacy sector.

When ownership changes, it can affect the pharmacy's operations, management, and adherence to legal requirements. If the Board is not informed of such changes, it can hinder their ability to regulate and ensure that pharmacies are operating lawfully under the proper owners, which could pose risks to patient safety and the integrity of the services provided. Therefore, revocation of the license serves as a significant consequence designed to uphold regulatory standards and protect public health.