Connect with us

Connecticut

More Pharmacy Chains Closing Connecticut Stores: What's Behind It?

Published

on

More Pharmacy Chains Closing Connecticut Stores: What's Behind It?


CONNECTICUT — Drugstore chains Walgreens and Rite Aid announced a slew of pharmacy closings this week, creating more uncertainty among Connecticut residents about where they can get their prescriptions filled as pharmacy deserts become more common.

CVS also has a plan to shutter stores.

Chain pharmacy executives have cited a variety of reasons for closing stores in Connecticut and other states, including reduced spending by inflation-weary customers, low reimbursement rates for pharmacy care and low dispensing fees for Medicaid enrollees.

Walgreens this week announced that it is planning to close “certain underperforming stores” as part of a “significant multiyear footprint optimization program.” The announcement was made following the release of the Illinois-based Walgreens Boots Alliance third-quarter earnings report.

Advertisement

Pharmacies have also said that current business models are outdated in an environment of increased competition from stores that sell much of the same merchandise, and pharmacies are still adjusting to a spike in demand for services during the COVID-19 pandemic.

Here are the closings big pharmacy chains have announced:

  • Walgreens plans to close a “significant share” of its 8,600 U.S.stores nationwide to turn around its struggling pharmacy model. In an earnings call with investors Thursday, Walgreens Boots Alliance CEO Timothy Wentworth said as many as 25 percent of the stores — about 2,150 of them — could close. That’s on top of about 2,000 stores the Deerfield, Illinois-based chain has closed over the past 10 years, 484 of them since February.
  • Rite Aid, struggling under billions of dollars in debt and more than a thousand federal, state and local lawsuits accusing the chain of illegally filling painkiller prescriptions, said in court filings that it will close another 27 stores in two states — or virtually all of its Michigan and Ohio pharmacies. That’s on top of the nearly 500 stores the chain has already closed.
  • CVS has shuttered about 600 stores since 2022 and plans to close 300 more this year. The closings “are based on our evaluation of changes in population, consumer buying patterns and future health needs to ensure we have the right pharmacy format in the right locations for patients,” CVS spokesperson Amy Thibault said in an email to CNN early this year.

What does it all mean for Connecticut?

An Associated Press analysis in early June shows that states have several chain pharmacy options. In Connecticut the brand names include the aforementioned Walgreens, CVS and Rite Aid, along with pharmacies at big box stores like Target and Walmart and supermarkets like Big Y, Stop & Shop and Shoprite.

Whether independent or a chain, pharmacies can be important assets in their communities. They are health centers where the pharmacists and staff know everyone’s names and the drugs they’re taking, and often can spot signs of a serious illness. These local businesses are often stocked with supplies such as catheters, colostomy supplies and diabetes test strips that people need to stay in their homes as they navigate serious illnesses.

The AP analysis focused on rural communities, finding the gaps are greatest in those states. An earlier study by University of Southern California researchers found that Black and Latino neighborhoods in 30 large US. cities had fewer pharmacies than white and diverse neighborhoods from 2007 to 2015, before the current wave of pharmacy closings.

Advertisement

“If you’re located in a low-income neighborhood, and effectively in a Black and Latinx neighborhood, having any pharmacy is less common. And having a pharmacy that meets your needs is much less common,” Jenny Guadamuz, a co-author of the study, told CNN.

The question prevails, can Connecticut’s independents close a potential gap caused by bigger names closing?

The state’s independent pharmacies face their own set of challenges and are likely unable to fill pharmacy voids, according to the National Community Pharmacists Association, a trade group that represents more than 19,400 independent pharmacists.

The group said in a statement earlier this year that new Medicare and Medicaid rules resulting in lower prescription reimbursements, in particular, put a third of independent drugstores at risk of closure and that “millions of patients could be stranded without a pharmacy.”

The latest 12-month NCPA statistics for Connecticut are:

Advertisement
  • Number of independent community pharmacies: 120
  • Total sales: $507,360,000
  • Pharmacy sales: $470,322,720
  • Front-end sales: $37,037,280
  • Total number of employees: 1,428
  • Total prescriptions filled: 7,946,160
  • Part D prescriptions filled: 2,781,156
  • Medicaid prescriptions filled: 1,271,386

Patients suffer when pharmacies disappear, industry experts said.

“You can think of a closure as a disruption of care,” Guadamuz, who is an assistant professor at the UC Berkeley School of Public Health, told CNN last fall. “You had a routine: You would go to a pharmacy that was geographically accessible — ideally affordable — and was probably preferred by your health insurance plan. And then that pharmacy is no longer there.”

Pharmacy access is an important consideration in decisions about store closings, CVS spokesman Matt Blanchette told The AP, but the company also looks at local market dynamics, population shifts and competition from stores selling the same over-the-counter products, he said.

The Associated Press contributed reporting.



Source link

Advertisement

Connecticut

Stanley Black & Decker To Shutter New Britain Manufacturing Facility

Published

on

Stanley Black & Decker To Shutter New Britain Manufacturing Facility


NEW BRITAIN, CT — Stanley Black & Decker on Thursday said it has decided to close its manufacturing facility in New Britain.

Debora Raymond, vice president of external communications for the manufacturer, said the decision is a result of a “structural decline in demand for single-sided tape measures.”

The New Britain facility predominantly makes these products, according to Raymond.

“These products are quickly becoming obsolete in the markets we serve,” Raymond said, via an emailed statement Thursday.

Advertisement

The decision is expected to impact approximately 300 employees, according to Raymond.

“We are focused on supporting impacted employees through this transition, including providing options for employment at other facilities, severance, and job placement support services for both salaried and hourly employees,” Raymond said.

As of Thursday at 4:30 p.m., no Worker Adjustment and Retraining Notification (WARN) Act notice had been filed with the state Department of Labor.

The company’s corporate headquarters remains at 1000 Stanley Dr., New Britain.

Gov. Ned Lamont released the following statement on the decision:

Advertisement

“Although Stanley has made the decision to discontinue operations for manufacturing outdated products, a change in workforce opportunities is difficult for employees, their families, and any community.,” Lamont said. “However, I am hopeful that these skilled workers will be repurposed with the help of Stanley Black & Decker, a company that will still proudly be headquartered here in Connecticut. My administration is working closely with local and state leaders to support affected workers and to reimagine the factory site so it can continue to create opportunity and strengthen New Britain’s economic future.”

New Britain Mayor Bobby Sanchez said he is “deeply disappointed” the company will be closing its Myrtle Street operations.

“For generations, Stanley Works has been part of the fabric of our city, providing good-paying jobs, supporting families, and helping build New Britain’s proud reputation as the ‘Hardware City,’” Sanchez said.

According to the mayor, his office’s immediate focus is on helping affected workers and their families. The mayor has been in contact with Lamont’s office, and they will be working closely to make sure employees have access to job placement services, retraining opportunities and support, Sanchez said.

“We will continue aggressively pursuing economic development opportunities and attracting businesses that are looking for a true community partner, a city ready to collaborate, innovate and grow alongside them,” Sanchez said. “New Britain has reinvented itself before, and we will do so again.”

Advertisement

Stanley Black & Decker, founded in 1843, operates manufacturing facilities worldwide, according to its website. It reports having 43,500 employees globally, and makes an array of products, such as power tools and equipment, hand tools, and fasteners.





Source link

Continue Reading

Connecticut

Police video shows Vince McMahon’s 100 mph car crash in Connecticut

Published

on

Police video shows Vince McMahon’s 100 mph car crash in Connecticut


Newly released police video shows former WWE executive Vince McMahon ram his luxury sports car into the rear end of another vehicle on a Connecticut highway last summer as he was being followed by a state trooper.

McMahon, now 80, was driving his 2024 Bentley Continental GT at more than 100 mph on the Merritt Parkway when he crashed in the town of Westport, according to state police.

A trooper’s dashcam video shows McMahon accelerating away, then braking too late to avoid crashing into the back of a BMW. The Bentley then swerves into a guardrail and careens back across the highway, creating a cloud of dirt and car parts.

“Why were you driving all over 100 mph?” state police Detective Maxwell Robins asked McMahon after catching up to the wrecked Bentley, which can cost over $300,000.

Advertisement

News Roundups

Catch up on the day’s news you need to know.

By signing up, you agree to our Terms of Service and Privacy Policy.

“I got my granddaughter’s birthday” McMahon replied, explaining he was on his way to see her. The encounter was recorded on police bodycam video.

No one was seriously injured in the July 24 crash, which happened the same day that WWE legend Hulk Hogan died of a heart attack in Florida.

Advertisement

Besides damage to the rear of the BMW, another vehicle driving on the opposite side of the parkway was struck by flying debris. The driver of that third car happened to be wearing a WWE shirt, according to the police video.

McMahon was cited for reckless driving and following too closely. A state judge in October allowed McMahon to enter a pretrial probation program that will result in the charges being erased from his record next October if he successfully completes the program. He was also ordered to make a $1,000 charitable contribution.

McMahon’s lawyer, Mark Sherman, said the crash was just an accident.

“Not every car accident is a crime,” Sherman said. “Vince’s primary concern during this case was for the other drivers and is appreciative that the court saw this more of an accident than a crime that needed to be prosecuted.”

State police said Robins was trying to catch up to McMahon on the parkway and clock his speed before pulling him over. They said the incident was not a pursuit, which happens when police chase someone trying to flee officers. They also said it did not appear McMahon was trying to escape — though in the video the detective suggests otherwise.

Advertisement

“I’m trying to catch up to you and you keep taking off,” Robins says.

“No, no no. I’m not trying to outrun you,” McMahon says.

An accident information summary provided to the media shortly after the crash did not mention that a trooper was following McMahon.

The Associated Press obtained the videos Wednesday through a public records request. They were first obtained by The Sun newspaper.

The trooper’s bodycam video also shows him asking McMahon whether he was looking at his phone when the crash happened. McMahon said he was not and adds that he hadn’t driven his car in a long time.

Advertisement

After Robins tells McMahon that his car is fast, McMahon replies, “Yeah, too (expletive) fast.”

The videos also show McMahon talking to the driver he rear-ended. Barbara Doran, of New York City, told the AP last summer that McMahon expressed his concern for her and was glad she was OK. She said she was heading to a ferry to Martha’s Vineyard at the time of the crash.

After McMahon was given the traffic summons, he shook hands with Robins and another trooper and they wished him well.

McMahon stepped down as WWE’s CEO in 2022 amid a company investigation into sexual misconduct allegations. He also resigned as executive chairman of the board of directors of TKO Group Holdings, the parent company of WWE, in 2024, a day after a former WWE employee filed a sexual abuse lawsuit against him. McMahon has denied the allegations. The lawsuit remains pending.

McMahon bought what was then the World Wrestling Federation in 1982 and transformed it from a regional wrestling company into a worldwide phenomenon. Besides running the company with his wife, Linda, who is now the U.S. education secretary, he also performed at WWE events as himself.

Advertisement
1-on-1 with Lash Legend: Former Texas A&M basketball star turned WWE’s next big thing

Legend, alongside Nia Jax, will compete for the WWE women’s tag team titles against Rhea Ripley and Iyo Sky on Friday at American Airlines Center.

Wrestling legend Kevin Von Erich flashes the ‘claw’ as he’s photographed in the studio,...
After iconic wrestling career, why Kevin Von Erich calls right now ‘the best part of life’

The legendary Texan has seen every up and down of professional wrestling. Now, he enjoys the fruits of his labor through family.



Source link

Continue Reading

Connecticut

New Haven Pride Center suspends operations for 30 days

Published

on

New Haven Pride Center suspends operations for 30 days


The New Haven Pride Center will close for 30 days starting Thursday, as leaders reassess the organization’s finances and its long-term business model.

Board members said the temporary shutdown will allow the nonprofit to stop accruing expenses and get better insight into a $250,000 IRS debt discovered in 2022 that has weighed heavily on the center’s operations.

According to board co-chair Hope Chavez, the debt was found four years ago. The board let the executive director go and began paying the back taxes. The payments have been ongoing, but Chavez said there’s no clarity on how much has been paid toward principal versus interest, making it hard to map out a payoff.

Chavez said the organization has an attorney to help obtain more details from the government, and that the debt has hurt its ability to generate income during an already challenging time.

Advertisement

“It all depends on the political climate — whether corporate sponsors feel like they can sponsor you, whether funders feel like they need to redirect elsewhere,” she said.

The 30-day furlough will include a pause in services. In the meantime, staff members are compiling a list of alternative LGBTQ-affirming resources in the Greater New Haven area to support community members.

Laura Boccadoro, who has worked at the center for more than six years, joined at what she says was a dark time.

“I was in and out of rehab dealing with drug abuse, and the center found me,” she said. “I grew up here, honestly.”

She said the organization has offered vital services, such as a clothing closet and a food pantry, and programs that she is helping clients find through partner organizations.

Advertisement

“There are so many LGBTQ-specific or affirming spaces that have food pantries, clothing closets, healthcare — all those kinds of things,” Boccadoro said.

Chavez highlighted partnerships with groups including AIDS Project New Haven, Anchor Health Initiative, and Q Plus, as well as other grassroots community organizations that will offer assistance during the pause.

Boccadoro emphasized that the staff’s focus remains on serving the community as effectively as possible.

“Our job at the end of the day is to impact the community in the best possible way that we can,” Boccadoro said.

The Board hopes a clearer financial picture and a restructured business model will position the center to reopen stronger and more stable.

Advertisement

“We want to ensure that our community has the care and supportive services that we’ve been providing,” Chavez said.



Source link

Continue Reading

Trending