Coudersport, Eldred, and Smethport Buchanan Brothers Pharmacy Closing In April
It is with mixed emotions we announce the sale of three of our locations to Rite Aid. It was a decision we did not reach lightly. Due to poor insurance reimbursement, independent pharmacies across the country are being forced to close their doors. Pharmacy organizations representing all sectors of retail pharmacy have been aggressively asking legislators to address these issues with the pharmacy benefits managers (PBMs) for quite some time. Unfortunately, they have been slow in taking action. It simply is not a sustainable business model when total reimbursement is less that the costs we pay for medications.
Thank you to everyone in surrounding communities that have supported our business over the years. We appreciate you. It has been our pleasure to take care of your prescription needs.
A huge thank you to ALL of our employees, both past and present. We value each and every one of you. You are what made our business successful for over 40 years.
We are grateful that Rite Aid remains committed to serving rural Pennsylvania and has offered employment to all of our current staff in Potter and McKean counties. No action is required on your part to transfer your prescriptions. All of the prescriptions from our Eldred and Smethport locations will be automatically transferred to Rite Aid in Port Allegany and all of the prescriptions from our Coudersport pharmacy will be automatically transferred to Rite Aid in Coudersport. The last day of business in our Smethport location will be Monday April 8th, Eldred will be Tuesday April 9th, and Coudersport will be Wednesday April 10th.
Please note that there is no change to our Westfield and Elkland locations. With a more diverse and better payor mix in Tioga County, those stores will continue to remain open and it will be business as usual. Once again, we are continuing to operate our stores in Westfield and Elkland.
We sincerely appreciate the support of our valued patients over the past several decades. It has been a privilege to serve you.
Buchanan Brothers Pharmacy