How do I report a change of ownership?
Pharmacies (In-State and Out-of-State)
When a pharmacy changes ownership, a new permit must be obtained and an inventory taken. The
change of ownership fee is $150.00. Complete a new application form and submit it to the Board of
Pharmacy. A change of ownership occurs under a variety of circumstances, depending on whether the
store is owned by a sole proprietor, a partnership or a corporation. Please see regulation 04-02-0012 for
a more detailed description of what constitutes a change of ownership and for additional information on
taking inventory. For more information on buying and selling a pharmacy, please refer to these
suggested procedures.
Hospitals
When a hospital pharmacy changes ownership, a new permit must be obtained and an inventory taken.
The change of ownership fee is $150.00. Complete a new Application for a Permit to Operate as an
Arkansas Hospital Pharmacy or Outpatient Surgery Center and submit it to the Board of Pharmacy.
Wholesale Distributors of Legend Drugs
When a wholesale distributor changes ownership, a new permit must be obtained. The change of
ownership fee is $150.00. Complete a new Application for Wholesale Distributor of Prescription
(Legend) Drugs Permit and submit it to the Board of Pharmacy. A change of ownership occurs under a
variety of circumstances, depending on whether the wholesale distributor is owned by a sole proprietor,
a partnership or a corporation. Please see regulation 08-00-0003 for a more detailed description of what
constitutes a change of ownership.
Wholesale Suppliers of Medical Equipment, Legend Devices and Medical Gas (DME)
When a DME changes ownership, a new permit must be obtained. The change of ownership fee is
$125.00. Complete a new Application for a Permit to Operate as a Wholesale Distributor of Legend
Drugs, Medical Devices and Medical Gas and submit it to the Board of Pharmacy.
Wholesale Distributors of List I Chemicals
When a Wholesale Distributor of List I Chemicals changes ownership, a new permit must be obtained.
The change of ownership fee is $150.00. Complete a new Application for a Permit to Operate as a
Wholesale Distributor of List I Chemicals and submit it to the Board of Pharmacy.
How do I report a theft?
Federal Regulation (Section 301) of the Controlled Substances Act of 1970 (PL91-513) require registrants
to submit a report of any loss of controlled substance to the Drug Enforcement Administration (DEA).
Arkansas State Board of Pharmacy Regulation 07-04-0006 requires that any holder of a pharmacy permit
that suffers a theft or loss of controlled substances shall:
(a) Notify Arkansas Department of Health Division of Pharmacy Services and Drug Control, the
nearest Drug Enforcement Administration Diversion Field Office, and the Arkansas State Board of
Pharmacy immediately upon discovery by phone or fax, and
(b) Deliver a completed DEA Form-106 to each of the agencies listed in (a) within 7 days of the
occurrence of said loss or the discovery of said loss.