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.
What happened to Bi-Mart and Walgreens?
On Thursday, the retail company Bi-Mart located in the Pacific Northwest made the announcement that it will be selling all 56 of its pharmacy companies to Walgreens. According to a statement made by the company’s leadership team, the transaction would result in all of the patient prescription information and pharmacy inventory belonging to Bi-Mart being turned over to Walgreens.
- As a consequence of the transaction, Bi-Mart retail outlets will not be going out of business.
- 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.
- According to the statement, pharmacists and pharmacy staff members already employed by Bi-Mart will have the chance to apply for available positions at Walgreens.
Offer for subscribers: Give your financial backing to community-focused media that operates on a local level. Make sure you sign up now! According to the shop locator on the Bi-Mart website, there are eleven Bi-Mart sites in Lane County, each of which contains a pharmacy.
These locations are as follows: four in Eugene, two in Springfield, and one each in Cottage Grove, Creswell, Florence, Junction City, and Veneta. According to comments made by CEO Rich Truett in a press statement, the deal was carried out with the intention of bolstering Bi-financial Mart’s situation and expanding plans for future expansion in the Pacific Northwest.
Truett stated that “the core business of Bi-Mart is solid and strong,” but that “over the years, issues such as increased expenses and persistent reimbursement pressure has led in part to our decision.” In an interview, Don Leber, vice president of advertising and marketing for Bi-Mart, stated that the firm was disappointed to transition out of the pharmacy sector, but understood that it had to happen.
- “Obviously it’s a very tough choice, and one we’re extremely unhappy about it, but in business in today’s environment, especially as a regional store, you’ve got to be able to protect your business,” said Leber.
- “We’re really sorry about it.” “This is a move, and due to the fact that we are employee-owned, (that was) kind of the option we’re forced to make, and it’s better to make it now than later,” Leber did not wish to reveal any information on the monetary particulars of the transaction.
According to the statement, the prescription files of patients who shop at the majority of Bi-pharmacies Mart’s will be transferred to the adjacent Walgreens pharmacy sites. Walgreens will operate pharmacies within existing Bi-Mart locations, rebranding them as Walgreens, in regions of the country, mainly in Oregon’s rural areas, where there are no Walgreens shops in close proximity.
The notification did not include any details regarding the specific sites where this would be applicable. According to the press release, patients will be advised of the transfer of their prescriptions through the mail. Following the transition, patients will have access to the pharmacy services offered by Walgreens.
According to information provided by Walgreens regional vice president Rob Ewing, the state of Oregon is home to more than 70 different Walgreens pharmacies. In the past, Bi-Mart shuttered its pharmacies in the Portland metropolitan area as well as in a number of other areas and transferred its customers’ prescription file over to Walgreens.
Why did Bi Mart stop filling prescriptions in Oregon?
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.
Are Bi-Mart stores still open in Pacific Northwest?
In the region of Portland, the move had already taken place. EUGENE, Ore. (KTVZ) – Walgreens and the executive team of Bi-Mart have announced on Thursday that they have entered into a definitive agreement under which Walgreens will acquire the pharmacy business of Bi-Mart.
This acquisition will include the patient prescription files and related pharmacy inventory of 56 Bi-Mart pharmacies located throughout the states of Oregon, Idaho, and Washington. The announcement was made on behalf of the employee-owners of Bi-Mart. According to a news release issued by the firm, all of Bi-retail Mart’s outlets will continue to be operational so that the company may continue to provide services to its customers located across the Pacific Northwest.
Walgreens is buying all of Bi-Mart’s pharmacy locations
The majority of prescription files from Bi-Mart pharmacies will be transferred to Walgreens pharmacy stores in the surrounding area. Walgreens will operate pharmacies within existing Bi-Mart sites under the Walgreens name in certain places where it does not have stores nearby.
- These areas are mostly situated in rural parts of Oregon.
- In the past, Bi-Mart shuttered its pharmacies in the Portland metropolitan area as well as in a number of other areas and transferred its customers’ prescription file over to Walgreens.
- “This decision, while difficult, is strategically important as we move to strengthen our solid financial position and expand our plans for future growth in the Northwest,” said Rich Truett, president and CEO of Bi-Mart.
“We are moving to strengthen our solid financial position and expand our plans for future growth in the Northwest.” “The fundamental business of Bi-Mart is robust and healthy; nevertheless, over the course of the years, issues such as rising expenses and constant pressure to reduce reimbursement have contributed, at least in part, to our decision.
We are excited about the opportunity to collaborate with Walgreens to ensure that the transition for our pharmacy employees and members is as smooth as possible.” “Walgreens is pleased to introduce more patients to our trusted pharmacy services,” said Rob Ewing, regional vice president of Walgreens.
“We currently provide these services in over 9,000 locations in communities across the country, including more than 70 locations across Oregon,” he added. “Walgreens is pleased to introduce more patients to our trusted pharmacy services.” “We look forward to welcoming Bi-Mart patients to Walgreens pharmacy services, as well as providing employment opportunities to Bi-Mart pharmacy associates in available positions throughout our stores, where they can continue to meet the needs of their patients,” Walgreens said in a statement.
“We also look forward to providing employment opportunities to Bi-Mart pharmacy associates in available positions throughout our stores.” The firms anticipate that the transfer of prescription file information will commence in October and will be finished by January 2022, provided that usual closure requirements are met.
It will be possible for pharmacists and other pharmacy staff members employed by Bi-Mart to submit applications for open positions at Walgreens. Patients whose prescriptions are being moved will be contacted by mail, and both firms will work together to assist guarantee a seamless transition for pharmacy patients.
Patients whose prescriptions are being transferred will be notified by mail. Patients will have access to Walgreens’ trusted pharmacy services throughout a network of more than 9,000 pharmacies across the country once their prescriptions have been moved from Bi-Mart to Walgreens. The monetary particulars of the transaction were not made public.
Bi-Mart Is Going to Invest in the Future While Building on Their Successful History To better serve its customers, Bi-Mart is expanding its retail network technology, enhancing its storage capacities, modernizing its aging store infrastructure, and establishing additional locations across the Northwest.
- Bi-Mart has just just introduced its brand new website, www. bimart.
- com, which features a database of products that can be searched for and enables members to Buy Online and Pick Up In-store purchases.
- Additional improvements are in the works for the near future, and they will make it possible for members to make purchases from any Bi-Mart or Cascade Farm & Outdoor location, and then pick them up at the Bi-Mart near them.
Members of Bi-Mart can obtain further information by going to the website www.bimart.com/rxchange.