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The sale of substantially all assets of a pharmacy constitutes a transfer of ownership that requires reapplication for licensure. This is because ownership is fundamentally about who operates and controls the pharmacy, and transferring a significant portion of its assets typically indicates that a new entity will take over its operations, thus necessitating the licensing process to ensure compliance with pharmacy laws and regulations.
When a pharmacy's ownership changes through the sale of its substantial assets, the new owner must demonstrate that they meet all legal standards and requirements to operate a pharmacy. This ensures that the new entity is compliant with licensing criteria, including factors like safe medication dispensing practices and adherence to state and federal pharmacy laws.
In contrast, changes such as a pharmacy’s address, working hours, or major renovations do not involve the transfer of ownership or control over the pharmacy's operations. These changes may require notification to regulatory bodies, but they do not trigger the need for a full reapplication. Instead, they typically fall under operational adjustments that are permissible within the existing license framework.