It’s full steam ahead, with ACP shareholders now engaged in the takeover process.
Pharmaceutical Society of Australia members have given the organisation the green light to purchase the Australasian College of Pharmacy.
Last month the PSA board announced its intentions to acquire the ACP in order to “maximise member value through growth, expanding education opportunities for the profession, and securing a long-term, sustainable future for PSA as the premier training and education provider for pharmacists, pharmacy assistants and technicians”.
Last night the PSA membership voted “overwhelmingly” in favour of making the necessary constitutional changes to allow the acquisition to go ahead.
The PSA is now working with the ACP’s shareholders to undertake the necessary transaction and regulatory processes to enable the acquisition, a statement from the PSA said.
“Our members have shown us that they share our vision and our excitement for the future of pharmacy education, led by PSA,” said PSA president and board chair Associate Professor Fei Sim.
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“This is a vote of confidence in PSA’s future, both as the premier pharmacy education provider and as the peak body for all pharmacists in all areas of practice. Our members are at the centre of everything we do, and we have heard them loud and clear.
“Tonight’s voting outcome is one of the crucial steps. With this strategic direction endorsed by our members, we now progress to the next stage of transaction and regulatory processes.
“In navigating these next steps we are always acting in the best interests of our members to enable the successful acquisition.
“We are excited to start building the next chapter of PSA history, strengthening PSA’s position in supporting and advocating for our members during this pivotal time of practice change.”