Minnesota supermarket chain Lunds & Byerlys has announced that it is closing its 14 pharmacies effective July 16 and will transfer prescription files to nearby Walgreens locations. In a July 11 statement the company said that "significant losses" in its pharmacy operations made continuing the service unfeasible. The company says its pharmacy techs will be offered other open jobs in the company, though it does not have available positions for its 27 pharmacy managers and staff pharmacists. While Lunds & Byerlys did not elaborate on its reasons beyond "economic challenges" in the pharmacy industry, some pharmacy trade groups have raised concerns about the practices of PBMs. The Minnesota Pharmacists Association has lobbied for more thorough regulation of PBMs, which it says are "definitely impacting pharmacists keeping their doors open." In its most recent session, the Minnesota Legislature passed legislation that allows pharmacies to ask the state's department of commerce to investigate complaints leveled against PBMs.
Lunds & Byerlys to close all 14 pharmacies
Twin Cities Business (07/19) Niepow, Dan