What percentage of ownership change requires a pharmacy to apply for transfer registration?

A pharmacy must apply for a transfer of registration when there is a 20% change in ownership. This requirement is in place to ensure that regulatory bodies can monitor changes more closely, as significant shifts in ownership can impact the management and operational integrity of the pharmacy. A 20% threshold clearly indicates a substantial change, which justifies the need for re-evaluating the pharmacy’s licensing to uphold compliance with state and federal regulations.

Smaller percentages, such as 10% or 15%, may not reflect a significant enough change to warrant a full review of the pharmacy's registration. The acceptance of a 25% change might seem reasonable; however, the legal framework specifies 20% as the critical point at which a transfer registration application becomes necessary. This specific percentage helps maintain a clear and manageable standard for oversight.