IPC Distributes Over $28 Million in Year-End Dividend and Equity Payout
IPC Puts Money Back into Members’ Pockets
At IPC, we’re more than just a cooperative – we’re a community dedicated to supporting your pharmacy’s financial health and growth. Over the past year, IPC has proudly distributed a significant number of financial benefits to our members including 2 retained equity payouts! Here’s a breakdown of the cash we’ve distributed in the past year in addition to the $88 Million of McKesson and Pharmacy Select rebates earned and paid in 2023:
- $14 Million Paid in 2023 Patronage
- $28 Million in 2024 Patronage
We understand the importance of cash flow for your pharmacy, and that’s why we’re committed to sharing 100% of our profits with our members. From rebates and dividends to earned equity, IPC’s patronage sharing model ensures you directly benefit from our success.
The IPC Patronage Sharing Model
When you join IPC, you’re not just a member; you’re a part of a cooperative that prioritizes your financial well-being. Our patronage sharing model is a cornerstone of this commitment, ensuring that we return:
- 100% of rebates
- 100% of IPC’s profits
This model not only boosts your pharmacy’s profitability but also enhances your ability to reinvest in your business and provide exceptional care to your community.
Why IPC Membership Matters
When the cooperative profits, you profit. This simple yet powerful concept is at the heart of IPC’s mission. Our dedication to returning value to our members is evident in the numerous benefits we offer:
- Low Acquisition Prices: We leverage our collective buying power to negotiate the best prices, helping you save on essential pharmacy products.
- Rebates Paid Two Times Per Month: Frequent rebate payments ensure a steady cash flow, allowing you to reinvest in your pharmacy more quickly.
- Pharmacy Select Generic Back-Up Contract: This provides you with a reliable and cost-effective source for generic medications.
- Profit Sharing Dividends: Sharing our profits directly with you means more money in your pocket.
- Pharmacy Services Team: Our dedicated team helps you implement and understand new services, enhancing your pharmacy’s offerings and efficiency.
- Key Industry Vendor Contracts: Access to top industry vendors ensures you have the best products and services at your disposal.
- Member-Composed and Elected Board of Directors: Our board of directors, comprised of members like you, ensures that your voice is heard and your needs are prioritized.
- Active Government Advocacy: We advocate on your behalf, ensuring that the interests of independent pharmacies are represented at all levels of government.
Your Role in the Community
As an IPC member, your role extends beyond just running a pharmacy. You are a critical healthcare provider in your community, offering essential services and support. IPC recognizes and values your contribution, which is why we are dedicated to enhancing your financial stability and growth.
Thank You for Your Membership
At the end of the day, it all comes down to one thing – when the cooperative profits, you profit. IPC is committed to ensuring that our success translates directly into financial benefits for you. Thank you for your service to your community and for your continued membership with IPC. Together, we can achieve great things and continue to put money back into your pocket, supporting the critical work you do every day.
Joining IPC means becoming part of a cooperative that genuinely cares about your success. With our robust patronage sharing model, we ensure that every dollar earned contributes to your pharmacy’s growth and stability. Let IPC support you in making a lasting impact in your community.
