Walgreens buys Snyders Drug chain; Menahga pharmacy to close
Twenty-five Snyders Drug Stores' pharmacies in Minnesota have been sold to Walgreens.
Employees in Park Rapids and Menahga were told of the sale Tuesday night. The Park Rapids pharmacy will remain open; Menahga's will close.
"The sale was finalized on Tuesday night," said Michael Morin, a Detroit-based public relations spokesman handling publicity surroun-
ding the sale.
"There are some regulatory things that have to happen but there shouldn't be a problem with that," he said. "We expect that next Thursday (Jan. 21) at 5 o'clock in the evening, the last prescription will get filled under Snyders in the stores that will be closing," Morin said.
"The plan calls for Walgreens to be interviewing the staff in the stores and they will make determinations based on interviews of who they may keep on," Morin said.
Customers should notice no difference after Walgreens assumes ownership, he added.
Some of the 25 stores will be closed, but he said Walgreen's would not make that announcement until next week. Another 25 independently owned Snyders stores would not be affected, Morin said.
Employees of the Menahga Snyders told the Enterprise that pharmacy was to close, which was confirmed by a Snyders management official. He said operations will be merged into the Park Rapids store.
"The prescription records from Snyders will be turned over so there should not be any disruption in service," Morin said of the chain.
Morin said customers will receive letters in the mail by next week informing them of the sale.
"Customers can fill a prescription in any Walgreens close to them," he said.
One unknown for Park Rapids snowbirds is how they will receive their prescriptions in the mail at their southerly destinations.
"Typically Walgreens, having the network they have, there are stores in most communities snowbirds will be," Morin said. "They can make arrangements to pick them up at those stores."
Several Snyders employees contacted the Enterprise about the sale, but said they could not speak about it on the record. All said they were worried about their jobs.
According to the company Web site, Walgreens is the nation's largest drugstore chain with fiscal 2009 sales of $63 billion. The company operates 7,149 drugstores in all 50 states, the District of Columbia and Puerto Rico.