US EditionHundreds of Pharmacies Are Set to Close: How It Could Impact You
- On May 5, Rite Aid filed for bankruptcy again and revealed plans to close approximately 360 stores across the country, including 19 locations in Washington state.
- The closures followed Rite Aid's failed turnaround and a court-approved fire sale where CVS bought 64 Rite Aid and Bartell stores.
- This reduction intensifies pharmacy deserts, as independent pharmacies already operate on thin margins and face losses due to pharmacy benefit managers .
- Eric Pusey, a pharmacy owner, said his pharmacy loses $50 for every Ozempic order and keeps only 2% of $1.5 million brand medication sales this year.
- The closures are expected to significantly impact pharmacists and patients, with reforms to PBMs possibly arriving only in January 2025 to ease the strain.
12 Articles
12 Articles
Going down with the ship
Rite-Aid, a retail institution that has outlasted KMart, Sambo’s, the Lido, Montgomery Wards, Green Barn Restaurant, Palace Hotel, Palace Dress Shop, a century of Ford dealerships and Bank of America, will close its doors later this month. When Rite Aid departs so will everything but memories of its famous five cent ice cream cones, the city’s best rack of greeting cards, the pharmacy, Big Hunk candy bars and, perhaps most of all, Marcy Royal, …
New law aims to expand rural pharmacy access
Western Maine Pharmacy, in Kingfield, opened in 2011. Owner and pharmacist, Audrey Parks, said there hadn’t been another pharmacy in the town for at least 50 years. Photo by Audrey Parks.A bill signed into law late last month aims to increase pharmacy access in rural communities across Maine. L.D. 239 directs the Maine Board of Pharmacy to adopt rules for the licensing and regulation of retail pharmacy remote dispensing sites no later than June …
Hundreds of pharmacies are set to close: How it could impact you
(NEXSTAR) — Several retail pharmacy chains have shuttered some of their stores this year, with more on the way for others, like Rite Aid, which filed for bankruptcy in May. It could create what some refer to as “pharmacy deserts,” areas in which drugstores and the additional services they provide may not be available for miles. And in areas where other pharmacies are picking up the slack, it could have an impact on current customers. “Closures …
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