Becker's Healthcare September 12, 2024
The closure of hundreds of pharmacies by major chains such as Walgreens and Rite Aid could signal a growing crisis in the industry, the executive director of the Ohio Pharmacists Association has said.
Rite Aid recently shut down stores in Ohio and Michigan as a part of its bankruptcy restructuring, and shortly after, Walgreens announced plans to close a significant portion of its 2,000 stores over the next three years, the Ohio Capital Journal reported Sept. 9.
The pharmacy closures follow a broader trend of hundreds of small-chain and independent pharmacies in Ohio closing over the past decade.
Ohio Pharmacists Association Executive Director David Burke and other leaders point to pharmacy benefit managers as a key factor...
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