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Business Pulse - F.Z. Webb & Sons sells to Walgreens
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F.Z. Webb & Sons Pharmacy, once located inside Foodland Plus, has said goodbye to McMinnville after nine years. Pictured, from left, in this file photo are Paula Roller, Alan Webb, Celia Womack and Linda Brady. F.Z. Webb sold its McMinnville location to Walgreens and closed Monday.
The local pharmacy landscape got one pharmacy smaller on Monday when F.Z. Webb & Sons Pharmacy closed its doors inside Foodland Plus.F.Z. Webb was bought out by Walgreens in a move that impacts only the McMinnville location. F.Z. Webb has been in business for 137 years in DeKalb County and is keeping its two locations there in Smithville and Alexandria.“We’ve never closed a business but we couldn’t do it any longer,” said F.Z. Webb co-owner Lora Webb. “The way our reimbursement fees have been getting cut, and they were cut again in January, there was no way we could keep it open.”Lora explained that it’s especially tough for independent pharmacies because insurance companies often dictate what pharmacies pay for drugs and the price those drugs can be resold for.