June 2, 2008
Midcoast pharmacy sells to Rite Aid
Waltz Pharmacy Inc., based in Camden, has sold its prescriptions division to Rite Aid Pharmacy, and as a result plans to shut down three locations next week.
Waltz's President Dean Jacobs attributed the sale to an increasingly competitive market, reductions in MaineCare reimbursement rates and a shortage of pharmacists, according to a press release from the company. Waltz officials said that Rite Aid plans to offer jobs to most of the 20 affected employees.
Waltz Pharmacy will be closing its Pittsfield location on June 11 and its Camden and Belfast locations on June 12. All prescription records at those locations will be transferred to Rite Aid by the closing date.
Waltz plans to keep its Waldoboro and Damariscotta locations open, along with the home medical equipment division of its Camden location and the Long Term Care Pharmacy in Topsham, the press release said.
Waltz's President Dean Jacobs attributed the sale to an increasingly competitive market, reductions in MaineCare reimbursement rates and a shortage of pharmacists, according to a press release from the company. Waltz officials said that Rite Aid plans to offer jobs to most of the 20 affected employees.
Waltz Pharmacy will be closing its Pittsfield location on June 11 and its Camden and Belfast locations on June 12. All prescription records at those locations will be transferred to Rite Aid by the closing date.
Waltz plans to keep its Waldoboro and Damariscotta locations open, along with the home medical equipment division of its Camden location and the Long Term Care Pharmacy in Topsham, the press release said.
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