Walgreens EUGENE, Ore. – Walgreens will acquire all 56 of Bi-pharmacies Mart’s in the states of Oregon, Idaho, and Washington, according to an announcement made by the company on Thursday. Bi-Mart will exit the pharmacy industry. Both the prescription data and the merchandise of Bi-Mart will be sold as part of this transaction.
Is Bi-Mart going out of business?
As a consequence of the transaction, Bi-Mart retail outlets will not be going out of business. Load Error Midway through the month of October is when the transfer of the prescription files is anticipated to get underway, and it is anticipated to be finished in January.
Does Walgreens sell prescription drugs to Bi-Mart?
On March 4, 2021, a Bi-Mart will be located at 44th and Woodstock in Portland, Oregon. The Oregon-based retail business Bi-Mart has announced that it would no longer fill prescriptions at any of its locations. It has been close to two years since the firm made the news that it will be discontinuing its pharmacy services at thirteen locations in the Portland region.
- At the time, the company cited increasing medical costs and Oregon’s corporate activity tax as the reasons for the decision.
- As a result of the ruling, 56 different Bi-Mart sites will be affected across the states of Oregon, Idaho, and Washington.
- According to the company’s statement, its prescription information would be sent to local Walgreens pharmacies.
The firm has announced that it will operate pharmacies within existing Bi-Mart outlets in some rural regions where Walgreens does not already have a facility nearby. These places include. The corporation did not make public any information regarding the monetary particulars of the agreement it had with Walgreens.
- According to comments made by Rich Truett, CEO of Bi-Mart, in a news release, the decision was motivated by rising expenses associated with medical care.
- As the business will still be run in the form of a retail shop network, he believes that this decision will place the firm in a strong financial position moving ahead.
The firm plans to start the transfer of prescription files in October, and they anticipate that the transfer will be finished by January 2022 at the latest. Patients whose care would be affected by the move will get an email or letter in the mail, the business said.
Is Bi Mart owned by Rite Aid?
The first Bi-Mart shop opened its doors in 1955 in Yakima, Washington, and the retailer did not build a second location until 1962. Bi-Mart was purchased by Pay ‘n Save in 1976, and Pay ‘n Save was subsequently purchased by Thrifty Corporation in 1984.